2005 West Virginia Code - §60-8-29. — Bond required of distributors and suppliers.

§60-8-29. Bond required of distributors and suppliers.
Each applicant for a distributor's license or each company registered as a supplier shall furnish at the time of application a bond with a corporate surety authorized to transact business in this state, payable to the state, and conditioned on the payment of all taxes and fees herein prescribed and on the faithful performance of and compliance with the provisions of this article.
The penal sum of the bond for distributors shall be ten thousand dollars, and the penal sum of the bond for suppliers shall be twenty-five thousand dollars. Each distributor shall be required to furnish separate bond for each location or separate place of business from which wine is distributed, sold, or delivered. Revocation or forfeiture of the bond furnished for any such location may, in the discretion of the tax commissioner, cause the revocation or forfeiture of all such bonds furnished by the distributor suffering such revocation or forfeiture.