California Labor Code

§ 406

LAB § 406Div. 2 · Part 1 · Ch. 3 · Art. 2

Statute text

Any property put up by an employee, or applicant as a part of the contract of employment, directly or indirectly, shall be deemed to be put up as a bond and is subject to the provisions of this article whether the property is put up on a note or as a loan or an investment and regardless of the wording of the agreement under which it is put up.

Legislative history

Enacted by Stats. 1937, Ch. 90.