North Carolina Contractor Bond

February 8, 2009 by admin

House Bill 2353/Senate Bill 1795 created the Irrigation Contractors License Board. The Board requires a license bond in the amount of $10,000. Either a Surety bond or Irrevocable letter of credit will accepted, but must be issued by a company that is licensed in the state. Direct action may be takenĀ againstĀ the surety bond by persons claiming injury as a result of violation of the proposed law.


No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

You must be logged in to post a comment.

HACKER SAFE certified sites prevent over 99.9% of hacker crime.