19-2238. License fee; bond requirements.
19-2238
19-2238. License fee; bond requirements.
Each application for a transient merchant license shall be
accompanied by a license fee of $250 and by a cash bond or a surety bond
issued by a corporate surety authorized to do business in this state in the
amount of $2,000 or 5% of the wholesale value of any goods, wares,
merchandise or services to be offered for sale, whichever is less. The bond
shall be in favor of the state of Kansas and shall assure the payment by
the applicant of all taxes that may be due from the applicant to the state
or any political subdivision of the state, the payment of any fines that
may be assessed against the applicant or its agents or employees for
violation of the provisions of this act and the satisfaction of all
judgments that may be rendered against the transient merchant or its agents
or employees in any cause of action commenced by any purchaser of goods,
wares, merchandise or services within one year from the date of the sale by
such transient merchant. The bonds shall be maintained so long as the
transient merchant conducts business in the county and for a period of one
year after the termination of such business and shall be released only when
the transient merchant furnishes satisfactory proof to the county clerk
that such merchant has satisfied all claims of purchasers of goods, wares,
merchandise or services from such merchant and that all state and local
sales taxes and other taxes have been paid.
History: L. 1985, ch. 94, § 8; July 1.