Mich. Admin. Code R. 125.1214f

Current through Vol. 24-24, January 15, 2025

Section R. 125.1214f - Surety bonds; cancellation

Rule 214f.

(1) A surety bond of $10,000.00 or a deposit of $10,000.00 in cash or securities, made payable to the "State of Michigan," on a form prescribed by the department, is required for each retailer location, up to a maximum surety bond or deposit of $100,000.00 for all locations of the same retailer.

(2) If a surety bond is not in effect, then the retailer shall stop all sales activity.

Mich. Admin. Code R. 125.1214f

1998 AACS; 2003 AACS; 2008 AACS