California Labor Code

§ 1703.3

LAB § 1703.3 Effective Jan 1, 2010Div. 2 · Part 6 · Ch. 4.5 · Art. 3

Statute text

(a)Prior to advertising or engaging in business, a talent service shall file with the Labor Commissioner a bond in the amount of fifty thousand dollars ($50,000) or a deposit in lieu of the bond pursuant to Section 995.710 of the Code of Civil Procedure. The bond shall be executed by a corporate surety qualified to do business in this state and conditioned upon compliance with this chapter. The total aggregate liability on the bond shall be limited to fifty thousand dollars ($50,000). The bond may be terminated pursuant to Section 995.440 of, or Article 13 (commencing with Section 996.310) of Chapter 2 of Title 14 of Part 2 of, the Code of Civil Procedure.

(b)The bond required by this section shall be in favor of, and payable to, the people of the State of California and shall be for the benefit of any person injured by any unlawful act, omission, or failure to provide the services of the talent service.

(c)The Labor Commissioner shall charge and collect a filing fee to cover the cost of filing the bond or deposit.

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Legislative history

Added by Stats. 2009, Ch. 286, Sec. 3. (AB 1319) Effective January 1, 2010.