Indiana § 26-3-7-13 Additional bond, cash deposit, letter of credit, or insurance

Indiana Statutes

§ 26-3-7-13 — Additional bond, cash deposit, letter of credit, or insurance

Indiana § 26-3-7-13

Title 26COMMERCIAL LAW

Art. 3WAREHOUSES

Ch. 7Indiana Grain Buyers and Warehouse Licensing and

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Bluebook

Ind. Code § 26-3-7-13 (2026).

Text

Whenever the director determines that a
previously approved bond, letter of credit, cash deposit, or previously
approved insurance is insufficient, the director shall require an
additional bond, letter of credit, cash deposit, or insurance to be given
by the licensee in the form and upon the terms and conditions required
by this chapter and rules adopted under this chapter.
Formerly: Acts 1973, P.L.268, SEC.1; Acts 1974, P.L.120,
SEC.8; Acts 1975, P.L.277, SEC.9. As amended by Acts 1979,
P.L.249, SEC.7; P.L.125-1997, SEC.31.

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Whenever the director determines that a
previously approved bond, letter of credit, cash deposit, or previously
approved insurance is insufficient, the director shall require an
additional bond, letter of credit, cash deposit, or insurance to be given
by the licensee in the form and upon the terms and conditions required
by this chapter and rules adopted under this chapter.
Formerly: Acts 1973, P.L.268, SEC.1; Acts 1974, P.L.120,
SEC.8; Acts 1975, P.L.277, SEC.9. As amended by Acts 1979,
P.L.249, SEC.7; P.L.125-1997, SEC.31.