2006 Kentucky Revised Statutes - .400   Bond with application for brewer\'s, distiller\'s, rectifier\'s, bottling house, vintner\'s or wholesaler\'s license.

243.400 Bond with application for brewer's, distiller's, rectifier's, bottling house, vintner's or wholesaler's license. (1) Every applicant for a brewer's, distiller's, rectifier's, bottling house or vintner's license shall file with his application a bond to the state in the amount of one thousand dollars ($1,000). The bond shall be on a form approved by the board and shall have corporate surety registered by the Office of Insurance. The applicant shall be the principal obligor and the state shall be the obligee. The bond shall be conditioned upon the prompt payment by the obligor to the Department of Revenue of any and all state taxes, with penalties and interest. The applicant may file a continuing bond provided that each renewal application is accompanied by: (a)  An affidavit that the bond remains in force, and (b)  A copy of consent of surety. An applicant for two (2) or more licenses of the same kind may file a blanket bond covering all of his operations. The amount of such a bond shall be the same as if separate bonds were furnished. (2) Every applicant for a wholesaler's license shall file with his application a corporate surety bond to the state in the minimum amount of two thousand dollars ($2,000) or an amount equal to three (3) times the monthly tax liability, whichever is less, and up to a maximum amount of twenty-five thousand dollars ($25,000). It shall be sufficient, in the opinion of the board, which shall consider the financial reputation and rating of the applicant, to insure payment to the state of the amount of any and all taxes and penalties and interest for which the wholesaler may become liable. It shall be on a form to be approved by the board and with surety on the bond approved by the board. The applicant shall be the principal obligor and the state the obligee. The bond shall be conditioned upon the prompt payment by the wholesaler to the Department of Revenue of any and all state taxes, with penalties and interest. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 85, sec. 650, effective June 20, 2005. -- Amended 1970 Ky. Acts ch. 94, sec. 4. -- Amended 1944 Ky. Acts ch. 154, sec. 15. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2554b-135. Legislative Research Commission Note (6/20/2005) 2005 Ky. Acts chs. 11, 85, 95, 97, 98, 99, 123, and 181 instruct the Reviser of Statutes to correct statutory references to agencies and officers whose names have been changed in 2005 legislation confirming the reorganization of the executive branch. Such a correction has been made in this section.