N.J. Admin. Code § 18:5-6.8

Current through Register Vol. 56, No. 17, September 3, 2024

Section 18:5-6.8 - Wholesale dealer files bond

(a) Each nonresident licensed wholesale dealer is required to file with the Director a bond in an amount not less than $2,000 to guarantee the proper performance of his or her duties and the discharge of his or her liabilities pursuant to the provisions of the Cigarette Tax Act and this chapter.

(b) The bond is to be executed by such licensed wholesale dealer as principal, and by a corporation approved by the Director and duly authorized to engage in business as a surety company in the State of New Jersey as surety.

(c) The bond is to run concurrently with the wholesale dealer's license and be filed on Cigarette Tax Form CWD-3.

N.J. Admin. Code § 18:5-6.8

Amended by 49 N.J.R. 1912(b), effective 7/3/2017

Amended by 56N.J.R. 1809(b), effective 9/3/2024