Husky v. Lee

STEVENS, Chief Judge.

This cause relates to the cash bond of a contractor held by the State Treasurer of Arizona and the order of the trial court denying two motions to vacate the default judgment against the State Treasurer and the State Registrar of Contractors.

' When Olympic Pools, Inc., a corporation qualified as a duly licensed Arizona contractor, Allen H. Rhodes, the Registrar of Contractors for the State of Arizona, acting pursuant to statute, required the posting of a $2,000 bond. Olympic had the statutory right to post a surety bond or to post a cash bond and elected to post a cash…