The contractor's license bond and the bond of qualifying individual are two separate bonds. When is the bond of qualifying individual required?

解析

B&P §7071.9 requires a $25,000 qualifying individual's bond, and excuses it where an RMO owns 10 percent or more of the corporation's voting stock, or the LLC's qualifier holds at least a 10 percent membership interest. (a) ignores that exemption, which is the whole content of the section. (b) swaps in the 20 percent figure, which belongs to §7068.1's common-ownership test for qualifying more than one firm. (d) is close enough to trap: an RME will in practice almost always need the bond, but the statute turns on the ownership percentage, not on the officer-versus-employee label.