42-3351. Bonds required of liquor wholesalers;
exemption
A. Every wholesaler of spirituous, vinous and malt liquors shall file with the
department, in such form as the department prescribes, a bond or bonds, duly executed by
the wholesaler as principal, and with a corporation duly authorized to execute and write
bonds within the state as surety, payable to the state, and conditioned upon the payment
of all taxes, penalties and other obligations of the wholesaler arising under this
chapter.
B. The department shall fix the total amount of the bond or bonds required of the
wholesaler and may increase or reduce the amount at any time. In fixing the total amount,
the department shall require a bond or bonds equivalent in total amount to twice the
wholesaler's estimated monthly tax, ascertained in such manner as the department deems
proper. The total amount of the bond or bonds required of any wholesaler shall not be
less than two thousand dollars.
C. A wholesaler is exempt from the requirements of this section if the wholesaler
has made timely payment of the taxes imposed by this chapter for the twenty-four
consecutive months immediately preceding the current month.
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