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Utah Code Title 32B. Alcoholic Beverage Control Act § 32B-12-206. Bond for liquor warehousing license

Current as of January 01, 2025 | Updated by Findlaw Staff

(1)(a) A liquor warehouser licensee shall post a cash bond or surety bond in the penal sum of $10,000 payable to the department.

(b) A liquor warehouser licensee shall procure and maintain the bond required by this section for as long as the liquor warehouser licensee continues to operate as a liquor warehouser licensee.

(2) A bond posted under this section shall be:

(a) in a form approved by the attorney general; and

(b) conditioned upon the liquor warehouser licensee's faithful compliance with this title and the rules of the commission.

(3) If a surety bond posted by a liquor warehouser licensee under this section is canceled due to a liquor warehouser licensee's negligence, the department may assess a $300 reinstatement fee.

(4) No part of a bond posted under this section may be withdrawn during the period the liquor warehousing license is in effect.

(5)(a) A bond posted by a liquor warehouser licensee may be forfeited if the liquor warehousing license is revoked.

(b) Notwithstanding Subsection (5)(a), the department may make a claim against a bond posted by a liquor warehouser licensee for money owed the department under this title without the commission first revoking the liquor warehousing license.

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Cite this article: FindLaw.com - Utah Code Title 32B. Alcoholic Beverage Control Act § 32B-12-206. Bond for liquor warehousing license - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-32b-alcoholic-beverage-control-act/ut-code-sect-32b-12-206/

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