Section 45 IAC 8.1-1-25 - Bonding of registrantAuthority: IC 6-7-1-15; IC 6-8.1-3-3
Affected: IC 6-7-1-16
Sec. 25.
(a) Upon application for a registration certificate, a distributor must file a bond in a form and with a surety approved by the department of state revenue.(b) The department may institute a suit upon such bond for the entire amount of the liability and costs under any of the following circumstances: (1) A registrant is convicted of a violation of any of the provisions of IC 6-7-1.(2) The registrant's certificate is revoked and no review is requested of the order of the revocation.(3) If on review of a revocation, the decision is adverse to the registrant, and the registrant refuses to pay any taxes, damages, fines, penalties, or costs adjudged against him or her by reason of a violation of any of the provisions of IC 6-7-1. Any suit upon the bond shall be in addition to any other remedy provided for in IC 6-7-1.
Department of State Revenue; Reg. 6-7-1-16010; filed Aug 4, 1982, 3:02 pm: 5 IR 1803Filed 1/12/2015, 12:14 p.m.: 20150211-IR-045140146FRA