2012 Kentucky Revised Statutes
CHAPTER 243 ALCOHOLIC BEVERAGES -- LICENSES AND TAXES
243.400 Bond with application for brewer's, distiller's, rectifier's, bottling house, vintner's, or wholesaler's license.
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<![CDATA[243.400 Bond with application for brewer's, distiller's, rectifier's, bottling house,
vintner's, or wholesaler's license.
(1)
(2)
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 Department 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.
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: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 575, effective July 15, 2010. -- 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.
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