Ind. Admin. Code tit. 45, § 10-4-19 - Cancellation of Bond; Release of Surety

Current as of January 1, 1970
45 Iac 10-4-19 - Cancellation of Bond; Release of Surety
45 Iac 10-4-18 - Notice of License Cancellation45 Iac 10-4-20 - Notice of Bond Cancellation; Replacement Bond (repealed)

45 IAC 10-4-19 Cancellation of bond; release of surety

Authority: IC 6-8.1-3-3

Affected: IC 6-6-2.5-48

Sec. 19. (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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