The county auditor must issue licenses on a consignment basis to any subagent who has applied and who furnishes a valid corporate surety bond properly issued by a corporation duly licensed to issue such bonds in this state. Bonds must be:
in an amount equal to the maximum total value of licenses, including any surcharge, but excluding the issuing fee, expected to be held on consignment at any one time; and
MS s 97A.485
18 SR 83
June 11, 2008
Official Publication of the State of Minnesota
Revisor of Statutes