Kinh doanh & Cấp phépCâu 1431 / 1605
An RMO who owns 15% of the licensed corporation qualifies its license. Is a bond of qualifying individual required?
a.No, because the RMO owns at least 10% of the voting equity
b.Yes, always for RMOs
c.Yes, because 15% is too high
d.Only if the corporation is new
Giải thích
Under B&P Code section 7071.9, the bond of qualifying individual is waived when the qualifier owns 10 percent or more of the entity's voting equity. An RMO owning 15% meets that threshold, so the bond is not required.
Trích dẫn luật: B&P Code §7071.9Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An original contractor's license application generally becomes void if the applicant fails to complete requirements within what period after the application is accepted?
- A contractor licensed only as Class A General Engineering is asked to remodel the interior of an existing office (a general building project). What is the proper course?
- The contractor's license bond and the bond of qualifying individual are two separate bonds. When is the bond of qualifying individual required?
- A licensee changes the business name style (for example, from 'ABC Builders' to 'ABC Construction Inc.'). What is generally required?
- A sole proprietor licensee incorporates the business. Can the new corporation keep operating under the sole proprietor's license number without action?
- Claims against the $25,000 contractor's license bond are generally handled how when total claims exceed the bond amount?
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Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)