32A-4-405 (Repealed 07/01/11) - Bond.
32A-4-405 (Repealed 07/01/11). Bond.
(1) Each on-premise banquet licensee shall post a cash or corporate surety bond in thepenal sum of $10,000 payable to the department, which the licensee has procured and mustmaintain for so long as the licensee continues to operate as an on-premise banquet licensee.
(2) The bond shall be in a form approved by the attorney general, conditioned upon thelicensee's faithful compliance with this title and the rules of the commission.
(3) (a) If the $10,000 surety bond is canceled due to the licensee's negligence, a $300reinstatement fee may be assessed.
(b) No part of any cash or corporate bond so posted may be withdrawn during the periodthe license is in effect, or while revocation proceedings are pending against the licensee.
(c) A bond filed by an on-premise banquet licensee may be forfeited if the license isfinally revoked.
Repealed by Chapter 276, 2010 General Session
Enacted by Chapter 314, 2003 General Session