Indiana Statutes
§ 6-6-1.1-406 — License to distributor; bond, letter of credit, or cash deposit
Indiana § 6-6-1.1-406
This text of Indiana § 6-6-1.1-406 (License to distributor; bond, letter of credit, or cash deposit) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 6-6-1.1-406 (2026).
Text
(a)Concurrently with the filing of an
application for a distributor's license, the department may require an
applicant to file with the administrator a surety bond, a letter of credit,
or a cash deposit:
(1)in an amount of not less than two thousand dollars ($2,000)
nor more than a three (3) month tax liability for the applicant as
estimated by the administrator; and
(2)conditioned upon the prompt filing of true reports and
payment of all gasoline taxes levied by the state, together with any
penalties and interest, and upon faithful compliance with the
provisions of this chapter.
(b)The administrator shall determine the amount of the distributor's
bond, cash deposit, or letter of credit. If the applicant files a bond or a
letter of credit, the bond or letter of credit must:
(1)be with
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Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-6-1.1-406, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-6-1.1-406.