32A-5-106 (Repealed 07/01/11) - Bond.
32A-5-106 (Repealed 07/01/11). Bond.
(1) Each club licensee shall post a cash or corporate surety bond in the penal sum of$10,000 payable to the department, which the club licensee has procured and must maintain forso long as the club licensee continues to operate as a club licensee.
(2) The bond shall be in a form approved by the attorney general, conditioned upon aclub licensee's faithful compliance with this title and the rules of the commission.
(3) (a) If a $10,000 corporate surety bond is canceled due to a club licensee's negligence,a $300 reinstatement fee may be assessed.
(b) No part of any cash or corporate bond posted under this section may be withdrawn:
(i) during the period the club license is in effect; or
(ii) while revocation proceedings are pending against the club licensee.
(c) A bond filed by a club licensee may be forfeited if the club license is finally revoked.
Repealed by Chapter 276, 2010 General Session
Amended by Chapter 383, 2009 General Session