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Surety Bond Seller Of Travel Business Discount Programs SFSB--264 - California
| Surety Bond Seller Of Travel Business Discount Programs Form. This is a California form and can be used in Special Filings Secretary Of State . |
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State of California Secretary of State SURETY BOND SELLER OF TRAVEL BUSINESS DISCOUNT PROGRAMS (Business and Professions Code section 17550 et seq.) (Office Use Only) Bond Number ________________________________________ The premium of this bond is $ ________________ for the term of ___________________________________________ . KNOW ALL PERSONS BY THESE PRESENTS: That ______________________________________________________________________________________ , (Name of Principal) doing business as __________________________________________________________________________________ (Name of Business) is a seller of travel business discount programs whose address is ___________________________________________________________________________________________________________ , (Street Address) (City) (State) (Zip) as PRINCIPAL, and ____________________________________________________________, a corporation organized (Name of Surety) under the laws of _____________________________________and authorized to transact a general surety business in the State of California, whose address for service is ______________________________________________________, as SURETY, are held and firmly bound to the State of California for the benefit of purchasers of a travel business discount program in the penal sum of, twenty thousand dollars ($20,000) for which payment we bind ourselves, our heirs, executors, administrators, successors and assigns jointly and severally, firmly by these presents. The bond shall be in favor of the State of California for the benefit of any person who is damaged by any violation of the terms of the seller of travel business discount program or by fraud or dishonesty or by the failure to provide the services of the travel business discount program in performance of the contract. WHEREAS, the provisions of Section 17550 et seq. of the Business and Professions Code and Section 1812.103 of the Civil Code require that the Principal file, or have on file, with the Secretary of State a copy of a bond in the sum of twenty thousand dollars ($20,000), and this bond is executed and tendered in accordance therewith. NOW THEREFORE, the conditions of the foregoing obligations are that, if the Principal complies with the provisions of California Business and Professions Code section 17550 et seq., and pays all sums due any individual or group of individuals when such Principal or its representative or agent has received such sums, and pays the for the loss incurred by any person for the unlawful acts or omissions of the Principal or of its agents or employees while acting within the scope of their employment, then this obligation is to be void; otherwise it is to remain in full force and effect. SFSB-264 (01/2007) - OVER American LegalNet, Inc. www.FormsWorkflow.com PROVIDED HOWEVER, this bond is issued subject to the following express conditions: 1. This bond shall be deemed continuous in form and shall remain in full force and effect for the term of the initial bond and all subsequent riders, for all liabilities, acts, omissions, or causes arising after this bond becomes effective and before the cancellation or withdrawal of the Surety from the bond. 2. This bond is executed by the Surety to comply with the provisions of section 17550 et seq. of the Business and Professions Code and section 995.010 of the Code of Civil Procedure, and said bond shall be subject to all the terms and provisions thereof. 3. The aggregate liability of the Surety hereunder on all claims whatsoever shall not exceed the penal sum of this bond in any event. 4. This bond may be canceled by the Surety in accordance with the provisions of Sections 996.310 et seq. of the Code of Civil Procedure. 5. The Surety, its successors and assigns, are jointly and severally liable on the obligations of section 17550 et seq. of the Business and Professions Code. 6. The Principal and Surety may be served with notices, papers and other documents under section 995.010 of the Code of Civil Procedure and section 17550 et seq. of the Business and Professions Code, at the addresses given above. 7. The attorney in fact for the Surety has the authority under an unrevoked appointment or power of attorney to sign for, and bind, Surety. 8. The liability on a bond may be enforced as provided in Code of Civil Procedure section 995.850 by or for the benefit of, and in the name of, any and all persons for whose benefit the bond is given who are damaged by breach of the condition of the bond. 9. No person may recover under this bond a sum greater than that which such person paid to the Principal, provided that this condition shall not restrict a person from recovering sums greater than those paid to the principal from sources other than this bond. ___________________________________________________________________________________________________________ (Name of Surety) I certify (or declare) under penalty of perjury, under the laws of the State of California, that the foregoing is true and correct. Executed in ______________________________________________ on ____________________________________ (City, State) (Date) _________________________________________________ Signature of Attorney-in-Fact for Surety _________________________________________________ Printed or Typed Name of Attorney-in-Fact for Surety INSTRUCTIONS: 1. The term for all bonds submitted shall not be less than twenty-four (24) months. 2. Send the executed document and filing fee to: Secretary of State Special Filings Unit P.O. Box 942877 Sacramento, CA 94277-0001 3. Include the filing fee of $30.00 4. There is no fee for filing an amendment to a previously filed bond. American LegalNet, Inc. www.FormsWorkflow.com
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