http://www.jwsuretybonds.com/blog General to specific surety bond information, as well as current events within the industry. Tue, 07 Feb 2012 13:46:56 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://www.jwsuretybonds.com/blog/california-private-cemetary-bond http://www.jwsuretybonds.com/blog/california-private-cemetary-bond#comments Fri, 14 Aug 2009 20:52:09 +0000 Lisa Grimsley http://www.jwsuretybonds.com/blog/?p=681 California’s amendment SB 1225, which became effective January 1, 2009, allows LLC’s (Limited Liability Corporations) to establish private cemeteries. These companies need to obtain a form of security, such as a trust or bank escrow account, bank certificates of deposit, cash, letters of credit, United States Treasury obligations, or surety bonds. A minimum of a $1 million bond in needed for companies with 5 or less employees. An additional $100,000 is added per licensee if there are more than 5 employees, but the maximum amount for the bond is $5 million.

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