2020 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 (2020)
Effective 5/12/2020
32B-5-204. Bond for retail license.
  • (1)
    • (a) A retail licensee shall post a cash bond or surety bond:
      • (i) in the amount specified in the relevant chapter or part 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.
  • (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    • (b) No part of a bond posted by a retail licensee under this section may be withdrawn: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.

Amended by Chapter 219, 2020 General Session
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