44-1943. Power of commission to require bond
from dealer
A. The commission may require that any dealer, other than a dealer that is
registered under the securities exchange act of 1934, that is registered or making
application for registration under this article deliver a bond, payable to the state with
sureties, conditioned on the faithful compliance with this chapter by the dealer, and
providing that on failure to comply the dealer shall be liable to any person entitled to
recovery by reason thereof. The amount of bond shall be determined by the commission and
predicated on the character and size of the business to be conducted, the financial
condition and business reputation of the dealer and other factors the commission deems
pertinent in the circumstances, but in no instance shall any bond exceed twenty-five
thousand dollars in respect to any dealer.
B. The commission shall recognize and may require the continuance, or increase in
amount, of bonds under its jurisdiction.
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