Any person who sustains any injury covered by the bond described in Section 7.20.230 may, in addition to any other remedy which he may have, bring an action in his own
name upon the bond for the recovery of any damage sustained by him. Upon such action
being commenced, such bond shall not be void upon first recovery thereon but may be
sued upon from time to time until the whole of the penalty shall be exhausted. The
business license commission may require the filing of a new bond, and immediately
upon the recovery in any action on such bond, the promoter shall file a new bond or
assign savings and loan certificates to the county as provided for in this Part 2.
Upon failure to file a new bond or assign savings and loan certificate within 10 days,
the business license commission shall forthwith suspend such promoter's license.
