32B-2-604 (Effective 07/01/11) - Bond related to package agency. - Utah Statutes

State Codes and Statutes

Statutes > Utah > Future-title-32b > Chapter-02 > 32b-2-604-effective-07-01-11

32B-2-604 (Effective 07/01/11). Bond related to package agency.
(1) (a) A package agent who has a consignment liquor inventory owned by the state shallpost a consignment surety bond payable to the department in the amount of the consignmentinventory.
(b) A consignment surety bond shall be conditioned upon a package agent's return of theunsold consignment liquor inventory at the termination of a package agency agreement.
(2) (a) A package agent that owns the package agency's liquor inventory shall post a cashbond or surety bond:
(i) in the penal amount fixed by the department, except that the penal amount shall be atleast $1,000; and
(ii) payable to the department.
(3) A package agent shall procure and maintain the bond required under this section foras long as the package agent continues to operate as a package agent.
(4) A bond required under this section shall be:
(a) in a form approved by the attorney general; and
(b) conditioned upon the package agent's faithful compliance with this title, the rules ofthe commission, and the package agency agreement.

Enacted by Chapter 276, 2010 General Session

State Codes and Statutes

Statutes > Utah > Future-title-32b > Chapter-02 > 32b-2-604-effective-07-01-11

32B-2-604 (Effective 07/01/11). Bond related to package agency.
(1) (a) A package agent who has a consignment liquor inventory owned by the state shallpost a consignment surety bond payable to the department in the amount of the consignmentinventory.
(b) A consignment surety bond shall be conditioned upon a package agent's return of theunsold consignment liquor inventory at the termination of a package agency agreement.
(2) (a) A package agent that owns the package agency's liquor inventory shall post a cashbond or surety bond:
(i) in the penal amount fixed by the department, except that the penal amount shall be atleast $1,000; and
(ii) payable to the department.
(3) A package agent shall procure and maintain the bond required under this section foras long as the package agent continues to operate as a package agent.
(4) A bond required under this section shall be:
(a) in a form approved by the attorney general; and
(b) conditioned upon the package agent's faithful compliance with this title, the rules ofthe commission, and the package agency agreement.

Enacted by Chapter 276, 2010 General Session

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Utah > Future-title-32b > Chapter-02 > 32b-2-604-effective-07-01-11

32B-2-604 (Effective 07/01/11). Bond related to package agency.
(1) (a) A package agent who has a consignment liquor inventory owned by the state shallpost a consignment surety bond payable to the department in the amount of the consignmentinventory.
(b) A consignment surety bond shall be conditioned upon a package agent's return of theunsold consignment liquor inventory at the termination of a package agency agreement.
(2) (a) A package agent that owns the package agency's liquor inventory shall post a cashbond or surety bond:
(i) in the penal amount fixed by the department, except that the penal amount shall be atleast $1,000; and
(ii) payable to the department.
(3) A package agent shall procure and maintain the bond required under this section foras long as the package agent continues to operate as a package agent.
(4) A bond required under this section shall be:
(a) in a form approved by the attorney general; and
(b) conditioned upon the package agent's faithful compliance with this title, the rules ofthe commission, and the package agency agreement.

Enacted by Chapter 276, 2010 General Session