N.Y. Comp. Codes R. & Regs. tit. 1 § 43.11

Current through Register Vol. 46, No. 45, November 2, 2024

Section 43.11 - Filing additional security

(a) Whenever the commissioner determines, pursuant to section 258-b(3)(d) or (8) of the law, that additional security is required of a milk dealer, such dealer shall within 10 days of receiving written notice from the commissioner indicate in writing how he intends to satisfy the requirement for additional security and within 30 days of the commissioner's notice shall file a surety bond or alternative security in satisfaction thereof.

(b) A milk dealer who is notified by the commissioner that additional security must be filed may request a review of the amount of additional security, provided such request is made within 10 days of receiving notice from the commissioner. Such request shall not waive the requirement that the additional security be filed within 30 days of notice by the commissioner.

N.Y. Comp. Codes R. & Regs. Tit. 1 § 43.11