Sec. 302.107. SECURITY REQUIREMENTS. A registration statement must be accompanied by security that: (1) is in the amount of $10,000; (2) is in the form of: (A) a bond executed by a corporate security that: (i) is approved by the secretary of state; and (ii) holds a license to transact business in this state; (B) an irrevocable letter of credit issued for the benefit of the registrant by a supervised financial institution whose deposits are insured by an agency of the federal government; or (C) a certificate of deposit in a supervised financial institution whose deposits are insured by an agency of the federal government, the principal of which may be withdrawn only on the order of the secretary of state; and (3) is conditioned on the seller's compliance with this chapter.
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