Bonds

OPINION 49-11 October 3, 1949 (OPINION) BONDS RE: Dealers Re: International Harvester Company - Dealer's Bonds This is in reply to your request this morning for an opinion as to whether or not the International Harvester Company, a corporation, is required to furnish a bond under chapter 244 of the Session Laws of 1949 for each of its dealers in North Dakota. This company has a dealer in each of the three cities of Grand Forks, Fargo and Bismarck and a dealer's license has been issued to each of these dealers. The International Harvester Company is a corporation and as such is required to furnish the bond provided for by chapter 244 of the 1949 Session Laws. The maximum liability under the bond is $3000. The International Harvester Company is a corporation and as such is required to furnish the bond provided for by chapter 244 of the 1949 Session Laws. The maximum liability under the bond is $3000. Since the International Harvester Company as a corporation is the responsible party under the provisions of the law referred to, one bond in the sum of $3000 is all that is required, since this bond would cover any liability which might arise at any one of the three dealers' outlets. Wallace E. Warner, Attorney General