§ 91A-14. Bond. - North Carolina Statutes

§91A‑14.  Bond.

Every person, firm, orcorporation licensed under this Chapter shall, at the time of receiving thelicense, file with the city or county issuing the license a bond payable tosuch city or county in the sum of five thousand dollars ($5,000), to beexecuted by the licensee, and by two responsible sureties or a surety companylicensed to do such business in this State, to be approved by the city orcounty, which shall be for the faithful performance of the requirements andobligations pertaining to the business so licensed.  The city or county may suefor forfeiture of the bond upon a breach thereof.  Any person who obtains ajudgment against a pawnbroker and upon which judgment execution is returnedunsatisfied may maintain an action in his own name upon the bond, to satisfythe judgment. (1989, c. 638, s. 2.)