California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 2 — Boxing, Wrestling, and Martial ArtsArticle 5 — BondsSection 18685
For the purposes of this article, a ceritifcate of deposit payable to the commission, or a savings account assigned to the commission, shall be considered equivalent to a bond as provided in Section 995.710 of the Code of Civil Procedure, and shall be acceptable to the commission upon such terms and conditions as it may prescribe.
Notes
Defines a certificate of deposit payable to the commission or a savings account assigned to the commission as equivalent to a bond for purposes of the article under the referenced Civil Procedure rule. Requires the commission to accept that substitute security on terms and conditions it prescribes, without stating a minimum amount, duration, or separate exception.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 18685 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-2/article-5/section-18685