SECTION 5:11-3-3. Bonds required for permits and certificates of authority

(a)   County records bond.

(1)   A bond in such form in favor of the Board protecting against loss or damage to county records shall be provided at the time of the application for certificate of authority or permit or within two (2) business days after approval by the Board.

(2)   The bond shall be valid for one (1) year and extend coverage to the various county offices for damages by reason of mutilation, injury, or destruction of any record or records of the several county offices to which the applicant may have access.

(3)   If a surety bond is provided it shall be issued by a surety company licensed to do business in the State of Oklahoma.

(4)   The original bond shall be filed in the office of the Board. The Board or a person designated by the Board to perform such duties shall mail a certified copy of the bond to the County Clerk's office for filing.

(5)   The amount of the county records bond shall be at least in the amount set forth in section 27(c) of the Act.

[Source: Added as 5:10-3-3 at 25 Ok Reg 751, eff 2-19-08 (emergency); Added at 26 Ok Reg 1797, eff 7-15-09; Amended at 28 Ok Reg 1106, eff 7-1-11]