Md. Code Regs. 03.03.01.04

Current through Register Vol. 51, No. 24, December 2, 2024

Section 03.03.01.04 - Security Requirements

A. All securities shall be in an amount of an even $1,000.

B. Cash offered as security shall be converted by the offeror into a banking instrument as specified by and in the manner determined by the Comptroller.

C. Dealers that are licensed special fuel sellers, special fuel users, or turbine fuel sellers are required to post only one security, the amount of which will be determined by the Comptroller.

D. The Comptroller may increase the amount of the security requirement on 30 days' notice.

Md. Code Regs. 03.03.01.04

Regulations .04 amended effective November 22, 1982 (9:23 Md. R. 2255)
Regulations .04 adopted effective August 26, 1985 (12:17 Md. R. 1698)
Regulations .04 amended, effective September 28, 1992 (19:19 Md. R. 1703)