Ca_Law

statute | California

Business and Professions Code - BPC - BPC § 17550.27

Summary

(a) For the purposes of this section, the following terms shall have the following meanings: (1) “Seller of travel discount program” means a membership, benefit program, or other arrangement that purports to entitle the purchaser of the seller of travel discount program to future

Text

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  • #1 | Business and Professions Code - BPC - BPC § 17550.27

    (a) For the purposes of this section, the following terms shall have the following meanings: (1) “Seller of travel discount program” means a membership, benefit program, or other arrangement that purports to entitle the purchaser of the seller of travel discount program to future transportation or any travel servic…

  • #2

    The annual charge for the seller of travel discount program does not exceed one hundred fifty dollars ($150). (3) The term of the seller of travel discount program does not exceed one year. The purchaser may renew participation in the program at the end of each term for a period not to exceed one year by affirmative…

  • #3

    The seller shall maintain a surety bond of one hundred thousand dollars ($100,000) issued by a surety company admitted to do business in this state. A copy of the bond shall be filed with the Secretary of State, with a copy provided to the Attorney General. The bond shall be in favor of the State of California for the…