Mich. Admin. Code R. 125.1214f - Surety bonds; cancellation
Rule 214f.
(1) A
surety bond of $10,000.00 or a deposit of $10,000.00 in cash or securities,
made payable to the "State of Michigan," on a form prescribed by the
department, is required for each retailer location, up to a maximum surety bond
or deposit of $100,000.00 for all locations of the same retailer.
(2) If a surety bond is not in effect, then
the retailer shall stop all sales activity.
Notes
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