32B-13-206 (Effective 07/01/11). Bond for a beer wholesaling license.
(1) (a) A beer wholesaler licensee shall post a cash bond or surety bond in the penal sumof $10,000 payable to the department.
(b) A beer wholesaler licensee shall procure and maintain a bond required by this sectionfor as long as the beer wholesaler licensee continues to operate as a beer wholesaler licensee.
(2) A bond posted under this section shall be:
(a) in a form approved by the attorney general; and
(b) conditioned upon a beer wholesaler licensee's faithful compliance with this title andthe rules of the commission.
(3) If a surety bond posted by a beer wholesaler licensee under this section is canceleddue to a beer wholesaler licensee's negligence, the department may assess a $300 reinstatementfee.
(4) No part of a bond posted under this section may be withdrawn during the period thebeer wholesaling license is in effect.
(5) (a) A bond posted under this section by a beer wholesaler licensee may be forfeited ifthe beer wholesaling license is revoked.
(b) Notwithstanding Subsection (5)(a), the department may make a claim against a bondposted by a beer wholesaler licensee for money owed the department under this title without thecommission first revoking the beer wholesaling license.

Enacted by Chapter 276, 2010 General Session