Section 8-7-14 Increase of surety bond or deposit. - Alabama Statutes

Section 8-7-14

Increase of surety bond or deposit.

Any provision of this chapter to the contrary notwithstanding, the commission may at any time, if in its opinion the protection of the public so requires, increase the principal sum of the bond or deposit required of any applicant or licensee by Section 8-7-7, but in no case shall the principal sum of the required bond or deposit exceed $50,000, except as provided by Section 8-7-12.

(Acts 1961, Ex. Sess., No. 177, p. 2142, §14.)