32-7B-6.1. Increase in dealer bond amount--Implementation.
53 words·~1 min read·
/sd/title-32/chapter-32-7/32-7b-6-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
To implement any increase in the amount of a dealer bond, a dealer, upon renewal of a bond or upon annual renewal of a dealer license, whichever comes first, shall deliver to the department an original bond or a bond rider that is issued by the surety company showing the new bond amount.