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2019 Utah Code
Title 32B - Alcoholic Beverage Control Act
Chapter 5 - Retail License Act
Part 2 - Retail Licensing Process
Section 204 - Bond for retail license.
Universal Citation: UT Code § 32B-5-204 (2019)
32B-5-204. Bond for retail license.
Enacted by Chapter 276, 2010 General Session
- (1)
- (a) A retail licensee shall post a cash bond or surety bond:
- (i) in the amount specified in the relevant part under Chapter 6, Specific Retail License Act, for the type of retail license for which the person is applying; and
- (ii) payable to the department.
- (b) A retail licensee shall procure and maintain the bond required under this section for as long as the retail licensee continues to operate as a retail licensee.
- (a) A retail licensee shall post a cash bond or surety bond:
- (2) A bond required under this section shall be:
- (a) in a form approved by the attorney general; and
- (b) conditioned upon the retail licensee's faithful compliance with this title and the rules of the commission.
- (3)
- (a) If a surety bond posted by a retail licensee under this section is canceled due to the retail licensee's negligence, the department may assess a $300 reinstatement fee.
- (b) No part of a bond posted by a retail licensee under this section may be withdrawn:
- (i) during the period the retail license is in effect; or
- (ii) while a revocation proceeding is pending against the retail licensee.
- (4)
- (a) A bond posted under this section by a retail licensee may be forfeited if the retail license is revoked.
- (b) Notwithstanding Subsection (4)(a), the department may make a claim against a bond posted by a retail licensee for money owed the department under this title without the commission first revoking the retail license.
Enacted by Chapter 276, 2010 General Session
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