44-1676. Fee and bond
A. In addition to the inventory, the applicant shall submit, together with the
application, a fee of two hundred dollars, and shall file with the county board of
supervisors a bond in a form approved by the board, executed by a surety company
authorized to do business in this state, in an amount equal to one-half of the cost value
of the articles inventoried for sale, said bond to be approved by the board of
supervisors.
B. The bond shall run to the state of Arizona and shall be conditioned that it is
for the use or benefit of the person who may be damaged by the violation of any provision
of this article by the licensee, his employees or agents, or who may have the cause of
action against said licensee, his employees or agents by reason of any matters arising
out of the conduct of the auction. Any such person shall have, in addition to any other
right of action which he may have, a right of action on the bond for all damages not
exceeding one thousand dollars, and the aggregate liability of the surety upon the bond
for all claims which may arise thereunder shall not exceed the sum specified in the bond.
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