Okla. Admin. Code § 35:10-7-3

Current through Vol. 42, No. 4, November 1, 2024

Section 35:10-7-3 - Bonds

(a) Each warehouseman shall furnish the Board with notice of cancellation, termination, or any change of insurance or bond on commodities stored in the warehouse.

(b) A surety shall provide notice by certified mail to the Department of Agriculture and the principle at least ninety (90) days before a bond is cancelled.

(c) In no event shall the liability of the surety on any bond required accumulate for more than one year during which the bond is in force.

Okla. Admin. Code § 35:10-7-3

Amended at 14 Ok Reg 3699, eff 8-7-97 (emergency); Amended at 15 Ok Reg 2490, eff 6-25-98; Amended at 18 Ok Reg 1439, eff 5-25-01