32B-17-206. Bond for liquor transport license.
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Effective 5/14/2019
32B-17-206. Bond for liquor transport license.
(a)A liquor transport licensee shall post a cash bond or surety bond in the penal sum of $10,000 payable to the department.
(b)A liquor transport licensee shall procure and maintain a bond in accordance with this section for as long as the liquor transport licensee operates as a liquor transport licensee.
(2)A bond posted under this section shall be:
(a)in a form approved by the attorney general; and
(b)conditioned upon a liquor transport licensee's faithful compliance with this title and the rules of the commission.
(3)If a surety bond posted by a liquor transport licensee under this section is canceled due to the liquor transport licensee's negligence, the department may assess a $300 reinstatement fee.
(4)No part of a bond posted under this section may be withdrawn during the period the liquor transport license is in effect.
(a)A bond posted under this section may be forfeited if the liquor transport license is revoked.
(b)Notwithstanding Subsection (5)(a) , the department may make a claim against a bond posted by a liquor transport licensee for money owed the department under this title without the commission first revoking the liquor transport license.
Enacted by Chapter 403 , 2019 General Session