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Session Laws, 1947
Volume 411, Page 976   View pdf image (33K)
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976 LAWS OP MARYLAND. [CH. 501
SURETY BONDS

124. MANUFACTURERS AND WHOLESALERS, (a)
BEER AND WINE. Every manufacturer or wholesaler engaged
in the business of selling or delivering beer or wine to retail
dealers in this State shall file with the Comptroller a bond in
the minimum penalty of one thousand dollars ($ 1,000). Such
bonds shall be in such form as may be approved by the Comp-
troller, shall be executed by a Surety Company, duly author-
ized to do business in this State, and shall be conditioned upon
the prompt payment to the Comptroller of any and all taxes
due upon said sales or deliveries, together with any and all
penalties or interest thereon and generally upon the faithful
compliance with the provisions of this Article.

(b) AMOUNT. In the event that the beer tax paid to the
Comptroller in any one month shall exceed the amount of
such bond, such manufacturer, or wholesaler shall, upon the
written demand of the Comptroller, file an additional bond in
the same manner and form with a Surety Company thereon as
hereinbefore provided, in an amount not less than the amount
of such excess, but the total amount of bond required of any
manufacturer or wholesaler, including the bond required under
sub-section (a) of this section, shall in no case exceed the sum
of twenty thousand dollars ($20,000).

(c) WINES AND LIQUORS. Every manufacturer or whole-
saler engaged in the business of selling or delivering wines and
liquors shall file with the Comptroller a bond in the minimum
penalty of five thousand dollars ($5,000). Such a bond shall
be in such form as may be approved by the Comptroller, shall
be executed by a Surety Company duly authorized to do busi-
ness in this State, and shall be conditioned upon the payment
of all taxes, penalties and interest imposed by this Article
upon the sale or delivery of wines and liquors, and generally
upon the faithful compliance with the provisions of this
Article.

(d) NEW BONDS. In the event that liability upon any bond
required by this section shall be discharged or reduced,
whether by judgment rendered, payment made or otherwise,
or if in the opinion of the Comptroller any surety on the bond
theretofore given shall have become unsatisfactory or unac-
ceptable, then the Comptroller may require the filing of a new
bond with satisfactory sureties in the same amount, failing
which the Comptroller shall forthwith cancel the license cer-
tificate of said manufacturer or wholesaler; if such new bond
shall be furnished as above provided, the Comptroller shall
cancel and surrender the bond for which such new bond shall
be substituted.

 

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Session Laws, 1947
Volume 411, Page 976   View pdf image (33K)
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