California § 12223 - The commissioner may require a licensee, in addition to the bond provided in Sect
Full text of California Public Contract Code - PCC § 12223 — The commissioner may require a licensee, in addition to the bond provided in Sect, with citation guidance and answers to common questions.
§ 12223. The commissioner may require a licensee, in addition to the bond provided in Sect
The commissioner may require a licensee, in addition to the bond provided in Section 12206, to obtain an adequate fidelity bond for each officer, employee, agent, or any person having access to funds collected by or for the licensee or having authority to draw against such funds if in the commissionerâs opinion such a bond is necessary for the protection of the public. The bond shall be for the protection of the public against loss suffered through embezzlement by any person having access to funds collected by or for the licensee or having authority to draw against such funds, or from mysterious disappearance, theft, holdup or burglary. A deposit given instead of the bond required by this section shall not be deemed an asset of the licensee for the purpose of complying with Section 12205.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 12223
What does Public Contract Code - PCC § 12223 cover?
Section 12223 ("The commissioner may require a licensee, in addition to the bond provided in Sect") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 12223?
A common citation format is "Public Contract Code - PCC § 12223" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 12223 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.