32A-3-105 (Repealed 07/01/11) - Bond. - Utah Statutes

32A-3-105 (Repealed 07/01/11). Bond.
(1) (a) Each package agent having a consignment liquor inventory owned by the stateshall have a consignment surety bond payable to the department in the amount of theconsignment inventory.
(b) The bond shall be conditioned upon the agent's return of all unsold liquor upontermination of the agency agreement.
(2) (a) Each package agent owning his own liquor inventory shall post a cash orcorporate surety bond in the penal sum of $1,000 payable to the department, which the packageagent has procured and shall maintain for so long as the package agent continues to operate. Thebond shall be in an amount fixed by the department and in a form approved by the attorneygeneral.
(b) The bond shall be conditioned upon the faithful compliance of the package agent withthis title, the rules adopted by the commission under this title, and the provisions of the packageagency agreement.

Amended by Chapter 132, 1991 General Session
Repealed by Chapter 276, 2010 General Session