2.63.406 SALES AGENT BONDING
(1) The director may require a surety bond from the owner or corporation making the application to the lottery to become a lottery sales agent. The bond amount is determined by:
(a) if the location was previously licensed, the sales total for the six months prior to closing;
(b) for a new location, the sales of a similarly sized sales agent in a community of approximately the same population for the six months before the application date.
(2) The sales agent shall maintain the bond for two years.
History: 23-7-202, 23-7-301, MCA; IMP, 23-7-301, MCA; NEW, 1987 MAR p. 883, Eff. 6/26/87; AMD, 1990 MAR p. 226, Eff. 1/26/90; TRANS, from Commerce, 2001 MAR p. 2407; AMD, 2006 MAR p. 526, Eff. 2/24/06; AMD, 2018 MAR p. 1155, Eff. 6/23/18; AMD, 2019 MAR p. 2229, Eff. 12/7/19.