Cash Deposit In Lieu Of Bond | Pdf Fpdf Docx | California

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Cash Deposit In Lieu Of Bond | Pdf Fpdf Docx | California

Last updated: 11/7/2022

Cash Deposit In Lieu Of Bond

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CASH DEPOSIT IN LIEU OF BOND, Pursuant to Business and Professions Code section 4162 and 4162.5 an applicant for the issuance of a wholesaler license shall submit a surety bond. California government owned and operated wholesalers are exempt from the bond requirement. In lieu of the bond, applicants may submit other equivalent means of security acceptable to the board, including a standby letter of credit or cash deposit in lieu of a bond. These other means of security must be payable to the Pharmacy Board Contingency Fund.

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