Organización y LicenciasPregunta 1362 de 1605
When the CSLB requires a bond of qualifying individual because an RMO or RME owns less than 10% of the entity, what is the required amount?
a.$25,000
b.$12,500
c.$15,000
d.$7,500
Explicación
Under B&P Code section 7071.9, the bond of qualifying individual is $25,000. It is required when a responsible managing officer or employee does not own at least 10 percent of the voting stock or equity of the licensed entity.
Referencia Legal: B&P Code §7071.9Practica las 1605 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- On a single-trade project involving only framing, may a Class B General Building contractor take the prime contract and self-perform that single trade?
- Which of the following best describes the 'two unrelated trades' rule for a Class B General Building contractor?
- What is the required amount of the contractor's license bond for an active California contractor's license?
- After a contractor's license has been disciplined, the CSLB may require a disciplinary bond as a condition of reinstatement. What is the amount of that bond?
- The $25,000 contractor's license bond primarily protects which of the following?
- A Responsible Managing Officer (RMO) qualifies a corporation's license. What does the 'O' in RMO signify about that person's role?
Última revisión: · proceso editorial
Sen Lin, Fundador de PrepPass · Verificado con California CSLB Contractor License Law & Business Exam · Cómo revisamos
Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)