Security Bond

In lieu of the deposit of money and securities pursuant to § 109112, a licensee may deliver to the Commission the bond of a surety company, COL 03072011 CH. 109 FOREIGN EXCHANGE in form and written by a company satisfactory to the Commissioner, in the principal sum of Fifty Thousand Dollars ($50,000.00), conditioned upon the faithful holding and transmission of all money received by such licensee or its agents for such purpose. The Commissioner shall deposit such bond with the Treasurer of Guam.