Each application for an auctioneer's or apprentice auctioneer's license shall be accompanied by a bond in the amount of $10,000. The bond shall be a cash bond or a surety bond and, if the latter, shall be executed by a surety company authorized to do business in this state. The bond shall be made payable to the board and conditioned upon the applicant conducting his or her business in accordance with the provisions and intent of this chapter. The bond shall be in a form approved by the board. No license may be issued until such a bond has been filed with the board.
Structure Code of Alabama
Title 34 - Professions and Businesses.
Section 34-4-22 - Register of Applicants.
Section 34-4-23 - License as Evidence of Rights and Privileges.
Section 34-4-24 - Bond Required.
Section 34-4-25 - Licensing Requirements; Irrevocable Consent.
Section 34-4-26 - Mailing Address.
Section 34-4-27 - Privilege Licenses.
Section 34-4-28 - Authority Under License Not Transferable; Duties of Licensees.
Section 34-4-30 - Disciplinary Action - Procedure for Hearings; Immunity of Board.
Section 34-4-31 - Revocation or Suspension - Resulting From Judgment in Damage Action.
Section 34-4-32 - Effect on License of Apprentice Auctioneer.