More than $250,000 worth of surety bonds and other noncash security deposits will be released following the California Board of Equalization's decision to stop requiring new limited liability companies and corporations to provide security deposits. "We're currently writing to more than 4,000 taxpayers who made non-cash security deposits ... to let them know they are no longer required to post security," said board member George Runner. "These noncash deposits exceed more than $40 million statewide."

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