§ 4-8-8 - Statement of disbursements – Additional bonds.
SECTION 4-8-8
§ 4-8-8 Statement of disbursements –Additional bonds. – A person or corporation licensed under this chapter shall make a statementunder oath of his, her, or its disbursements during a period to be prescribedby the director of environmental management, containing the names of thepersons from whom products were purchased, the amount purchased and the amountdue to the vendors. Those statements shall be submitted to the director, whenrequested by him or her, and shall be in the form prescribed by the director.If it appears from a statement or other facts ascertained by the director, uponinspection or investigation of the books and papers of the licensee, asauthorized by § 4-8-12, that the security afforded to persons selling milkand cream to that licensee by the bond executed by that licensee as provideddoes not adequately protect the vendors, the director may require that licenseeto give an additional bond, to be executed in a sum determined by the director,but not exceeding by more than fifty percent (50%) the maximum amount paid outby that licensee to sellers of milk in any one month.