On 08/04/2008, a new law was enacted in North Carolina. The new law, named HB 2353, manages irrigation contractors by way of the new North Carolina Irrigation Contractors’ Licensing Board. HB 2353 now requires a license bond in the amount of $10,000. Surety bonds or letters of credit are also acceptable, and any bonds acquired must be issued by a surety company licensed in the state. The bond is conditioned on compliance and is open to direct actions from individuals claiming injuries or loss resulting from a violation of the new law. HB 2353 became operational on October 1, 2008.
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North Carolina Irrigation Contractor License Bond
October 29, 2009 by Eric WeisbrotDiscuss: Comments (0)
Category: Commercial Bonds, Surety News
Tags: bond requirements, Irrigation Contractor License Bond, legislation, NC, North Carolina, surety bond
