Mont. Code § 80-4-405

Current through the 2023 Regular Session

Section 80-4-405 - Maximum bond amount

The maximum amount of any public warehouse operator bond may not exceed $1 million and the maximum amount of a commodity dealer bond may not exceed $1 million, except:

(1) any bonds compensating for equity or working capital deficiencies prescribed in parts 5 and 6 of this chapter must be added to the maximum bond amount. If the public warehouse operator is also licensed as a commodity dealer, only one bond amount is required.

(2) if required as part of a commodity warehouse operator's or commodity dealer's license modified by the department pursuant to 80-4-421.

§ 80-4-405, MCA

Amended by Laws 2019, Ch. 302,Sec. 2, eff. 5/7/2019.

En. Sec. 5, Ch. 539, L. 1983; amd. Sec. 20, Ch. 452, L. 1993; amd. Sec. 3, Ch. 76, L. 1997; amd. Sec. 2, Ch. 175, L. 2011.