45 IAC 8.1-1-25 Bonding of registrant

Sec. 25. (a) Upon application for a registration certificate, a distributor must file a bond in a form and with a surety approved by the department of state revenue. (b) The department may institute a suit upon such bond for the entire amount of the liability and costs under any of the following circumstances: (1) A registrant is convicted of a violation of any of the provisions of IC 6-7-1. (2) The registrant's certificate is revoked and no review is requested of the order of the revocation. (3) If on review of a revocation, the decision is adverse to the registrant, and the registrant refuses to pay any taxes, damages, fines, penalties, or costs adjudged against him or her by reason of a violation of any of the provisions of IC 6-7-1. Any suit upon the bond shall be in addition to any other remedy provided for in IC 6-7-1.