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Uniform Surety Bond Form USB - Alabama
| Uniform Surety Bond Form Form. This is a Alabama form and can be used in General Blue Sky Secretary Of State . |
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UNIFORM SURETY BOND FORM STATE OF ALABAMA ALABAMA SECURITIES COMMISSION RSA Plaza, Suite 570 770 Washington Avenue Montgomery, AL 36130-1201 Bond No. KNOW ALL PERSONS BY THESE PRESENTS: That (name and address of broker-dealer or investment adviser) as Principal, having filed with the office of the Alabama Secu rities Commission on or about theday of , 19 , application to transact business in this State/Commonwealth/Terr itory as a: and (designate whether principal is B/D or IA) (name and address of surety) as Surety, a corporation organized under the laws of t he State/Commonwealth/Territory of and being duly authorized to transact the business of indemnity andsuretyship in this State/Commonwealth/Territory, do hereby a cknowledge our indebtedness to the State/Commonwealth/Territory of Alabama, for the use and benefit of any person(s) having a claim under the conditions of this obligation in the sum of Fifty Thousand Dollars ($50,000.00), as required by Section 8-6-3, provided, however, that the aggregate liability hereunder shall n ot exceed the sum of Fifty Thousand Dollars ($50,000.00) regardless of the number of claimants and shall n ot be construed as individual liability. LIABILITY for the payment of this sum, to which we h ereby obligate and bind ourselves, our heirs,executors, administrators, successors and assigns, jointly a nd severally, becomes effective upon the following conditions: 1. Registration/Licensing of the Principal to transact business in this State as a (designate whether principal is a B/D or IA) 2. Failure by the Principal to strictly comply with all applicable provisions of, and orders, rules and regulations issued pursuant to, the applicable securities . statutes of the particular state in which such Principal is re gistered. THIS Bond shall expire at such time as the Principals registration is withdrawn, terminated throughnon-renewal or issue revoked by the Alabama Securities C ommission except as to liability for acts oromissions which occur prior to such time. This Bond ma y also be canceled by the Surety upon 30 dayswritten notice by registered mail to the Principal and to the ALABAMA SECURITIES COMMISSION in which case this Bond shall be considered canceled upon the exp iration of said 30 days period except as to liability for acts or omissions which occur prior to the date o f cancellation. Notice shall be deemed effectivealong with sufficient proof of notice to the Principal. NO suit may be maintained to enforce any liability arising unde r this Bond unless brought within two (2) years after discovery of the act or omission upon which liabil ity is based. American LegalNet, Inc. www.USCourtForms.com<<<<<<<<<********>>>>>>>>>>>>> 2It is understood and agreed that any person(s) having a claim under the conditions of this obligation mayinitiate suit in any court of competent jurisdiction against th e Principal and/or the Surety upon this Bond.WITNESS OUR SIGNATURES, this the day of , 19 . (Principal) (Surety) (Title) (Counter-signature) Form USB ACKNOWLEDGMENT OF INDIVIDUAL STATE OF COUNTY OF On this day of , 19 , before me personally appeared , to me known to be the person described in and who executed theforegoing instrument, as Principal and acknowledged to me that he executed the same as his free act and deed. (NOTARIAL SEAL) Notary Public, County My commission expires ACKNOWLEDGMENT OF CORPORATION STATE OF COUNTY OF On this day of , 19 , before me personally appeared , and says that he is the of Principal heretofore named; that he executed the instrumen t forand in itsbehalf, by authority of its Board of Directors and affixed its seal thereto. (NOTARIAL SEAL) Notary Public, County My commission expires American LegalNet, Inc. www.USCourtForms.com
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