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California Labor Code

§ 403

LAB § 403Div. 2 · Part 1 · Ch. 3 · Art. 2

Statute text

View on leginfo.ca.gov
If cash is received as a bond it shall be deposited in a savings account in a bank authorized to do business in this State, and may be withdrawn only upon the joint signatures of the employer and the employee or applicant. Cash put up as a bond shall be accompanied by an agreement in writing made by the employer and employee or applicant, setting forth the conditions under which the bond is given.

Legislative history

Enacted by Stats. 1937, Ch. 90.

Source: California Labor Code § 403 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.