(a) Before the Secretary issues a livestock dealer or packer license under this chapter, an applicant shall furnish the Secretary with a surety bond in the amount of not less than $10,000.00 executed by a surety company authorized to do business in this State.(c) All bonds required under this section shall be in the form required under 9 C.F.R. § 201.30, as amended over time. In lieu of a surety bond required under this section, the Secretary may accept a financial instrument or alternate form of surety authorized under 9 C.F.R. § 201.30.Amended 1959, No. 91, § 3, eff. 4/7/1959; 1961, No. 38; 1973, No. 76, § 1, eff. 4/13/1973; 1983, No. 36; 1987, No. 17; 1989, No. 15; 1993, No. 74 , §§ 2, 3; 2003, No. 42 , § 2, eff. 5/27/2003; 2017 , No. 30 , § 1.