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Current as of January 01, 2025 | Updated by Findlaw Staff
The following securities are acceptable:
(1) a bond issued by a surety company that is authorized to do business in the State and is approved by the State Insurance Commissioner as to solvency and responsibility;
(2) cash in an amount that the tax collector approves;
(3) marketable securities that the tax collector approves; or
(4) for admissions and amusement tax, alcoholic beverage tax, boxing and wrestling tax, and tobacco tax, an irrevocable letter of credit:
(i) in an amount that the Comptroller approves; and
(ii) with a date certain for coverage during the collection period.
Cite this article: FindLaw.com - Maryland Code, Tax-General § 13-826 - last updated January 01, 2025 | https://codes.findlaw.com/md/tax-general/md-code-tax-general-sect-13-826/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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