Bond in lieu of trust fund.

The commissioner shall, by rule, establish terms and conditions under which a seller may, in lieu of trust requirements, file with the commissioner a surety bond issued by a surety company authorized to do business and doing business in this state. 2001 Acts, ch 118, §32 ; 2001 Acts, ch 176, §74 ; 2007 Acts, ch 175, §63, 64 ; 2008 Acts, ch 1103, §4 ; 2008 Acts, ch 1123, §46 ; 2011 Acts, ch 62, §3 ; 2015 Acts, ch 128, §36, 50, 51 Referred to in §523A.807