32-1152.01. Alternatives to cash deposit
A. As an alternative to the cash deposit provided for in section 32-1152, subsection B, a contractor may substitute any of the following:
1. Certificates of deposit assigned to the registrar, issued by banks doing business in this state and insured by the federal deposit insurance corporation.
2. Investment certificates or share accounts assigned to the registrar and issued by a savings and loan association doing business in this state and insured by the federal deposit insurance corporation.
B. The terms and conditions surrounding each of such types of security shall be prescribed by the registrar.
Section: Previous 32-1138 32-1139 32-1140 32-1151 32-1151.01 32-1151.02 32-1152 32-1152.01 32-1153 32-1154 32-1155 32-1155.01 32-1156 32-1156.01 32-1157 NextLast modified: October 13, 2016