Cal. Code Regs. Tit. 13, § 268.12 - Surety Bond Requirements for Motorcycle Dealers, Motorcycle Lessor-Retailers, All-Terrain Vehicle Dealers and Wholesale Only Dealers Who Sell Less Than 25 Vehicles Per Year

(a) The bond required by Vehicle Code sections 11612 and 11710 for a dealer who will deal exclusively in motorcycles or all-terrain vehicles or who sells wholesale less than 25 vehicles a year shall be executed on a Surety Bond of Motorcycle Dealer, Motorcycle Lessor-Retailer, All-Terrain Vehicle Dealer, or Wholesale Only Dealer (Less Than 25 Vehicles Per Year), form OL 25B (Rev. 11/2015), which is hereby incorporated by reference. The bond shall be subject to chapter 2 (commencing with Section 995.010), title 14, of part 2 of the Code of Civil Procedure.

(1) For the purpose of determining whether a dealer sells less than 25 vehicles a year, a year shall be defined as the period beginning on the initial date of licensure and ending on the day before the renewal date.

(2) The name of the Principal on the surety bond shall include any and all "Doing Business As" (DBA) names used by the Principal to conduct business as authorized under the occupational license.

(3) The appointment of director as the agent for service of process required by Vehicle Code section 11710(d) shall be in the form required under subdivision (c) of Section of Title 13330.08 of Title 13, California Code of Regulations.

Notes

Cal. Code Regs. Tit. 13, § 268.12

1. New section filed 2-14-2006; operative 3-16-2006 (Register 2006, No. 7).
2. Change without regulatory effect amending subsection (a) and Form OL 25B (incorporated by reference) filed 8-12-2015 pursuant to section 100, title 1, California Code of Regulations (Register 2015, No. 33).
3. Change without regulatory effect amending surety bond (incorporated by reference) and subsection (a) filed 10-17-2016 pursuant to section 100, title 1, California Code of Regulations (Register 2016, No. 43).

Note: Authority cited: Section 1651, Vehicle Code. Reference: Section 995.010, Code of Civil Procedure; and Sections 11612, 11710 and 11710.1, Vehicle Code.

1. New section filed 2-14-2006; operative 3-16-2006 (Register 2006, No. 7).
2. Change without regulatory effect amending subsection (a) and Form OL 25B (incorporated by reference) filed 8-12-2015 pursuant to section 100, title 1, California Code of Regulations (Register 2015, No. 33).
3. Change without regulatory effect amending surety bond (incorporated by reference) and subsection (a) filed 10-17-2016 pursuant to section 100, title 1, California Code of Regulations (Register 2016, No. 43).