Section 45IAC10-4-19. Cancellation of bond; release of surety

Latest version.

   (a) The surety of a licensee may cancel a bond issued to a licensee upon notifying the administrator.

  (b) The cancellation shall be effective sixty (60) days after written notice is received by the administrator.

  (c) The release does not affect any liability accruing before expiration of the sixty (60) day period. (Department of State Revenue; Reg 6-6-2.1-419(a)(010); filed Apr 30, 1986, 3:34 p.m.: 9 IR 2183; filed Dec 18, 2015, 3:40 p.m.: 20160113-IR-045140518FRA)

                    
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