Ga. Comp. R. & Regs. 40-18-3-.04

Current through Rules and Regulations filed through November 21, 2024
Rule 40-18-3-.04 - Bonding

As a prerequisite to the issuance of a license under this Act, each applicant shall furnish evidence to the Commissioner that he has in force for the year for which the license is sought a bond issued by a corporate entity authorized to do business in this State in the penal sum of $10,000.00. The bond shall be conditioned upon the licensee performing all the duties imposed upon him by law and the accounting for the proceeds of all carryover flue-cured tobacco received by him for storage and sale.

Ga. Comp. R. & Regs. R. 40-18-3-.04

Ga. L. 1975, Act No. 683 (H. B. 890), p. 1263.

Original Rule was filed on September 10, 1975; effective September 30, 1975.