Section 523A.405. Bond in lieu of trust fund.

Latest version.

The commissioner shall, by rule, establish terms and conditions under which a seller may, in lieu of trust requirements, file with the commissioner a surety bond issued by a surety company authorized to do business and doing business in this state.
2001 Acts, ch 118, §32
; 2001 Acts, ch 176, §74
; 2007 Acts, ch 175, §63, 64
; 2008 Acts, ch 1103, §4
; 2008 Acts, ch 1123, §46
; 2011 Acts, ch 62, §3
; 2015 Acts, ch 128, §36, 50, 51
2015 amendment takes effect July 2, 2015, and applies retroactively to July 1, 2015; 2015 Acts, ch 128, §50, 51
Section stricken and rewritten

                    
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