536.6  Additional bond.

If the superintendent shall find at any time that the bond is insecure or exhausted or otherwise of doubtful validity or collectibility, an additional bond to be approved by the superintendent, with one or more sureties and of the character specified in section 536.3, in the sum of not more than one thousand dollars, shall be filed by the licensee within ten days after written demand upon the licensee by the superintendent.

Every licensee shall have available at all times for each licensed place of business at least five thousand dollars in assets, either in liquid form or actually in use in the conduct of such business.

Section History: Early form

  [C24, 27, 31, § 9437; C35, § 9438-f6; C39, § 9438.06; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 536.6]


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