§ 13-826
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/md/tax-general/13-826A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§13–826.
The following securities are acceptable:
(1)a bond issued by a surety company that is authorized to do business in the State and is approved by the State Insurance Commissioner as to solvency and responsibility;
(2)cash in an amount that the tax collector approves;
(3)marketable securities that the tax collector approves; or
(4)for admissions and amusement tax, alcoholic beverage tax, boxing and wrestling tax, and tobacco tax, an irrevocable letter of credit:
(i)in an amount that the Comptroller approves; and
(ii)with a date certain for coverage during the collection period.