Indiana Statutes
§ 6-6-2.5-47 — Deposit insufficient to ensure payment; written demand to file new bond; requirements; cancellation of license
Indiana § 6-6-2.5-47
This text of Indiana § 6-6-2.5-47 (Deposit insufficient to ensure payment; written demand to file new bond; requirements; cancellation of license) 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 § 6-6-2.5-47 (2026).
Text
(a)If the commissioner reasonably
determines that the amount of the existing bond or cash deposit is
insufficient to ensure payment to the state of the tax and any penalty
and interest for which the licensee is or may become liable, the licensee
shall, upon written demand of the commissioner, file a new bond or
increase the cash deposit. The commissioner shall allow the licensee
at least thirty (30) days to secure the increased bond or cash deposit.
(b)The new bond or cash deposit must meet the requirements set
forth in this chapter.
(c)If the new bond or cash deposit required under this section is
unsatisfactory, the commissioner shall cancel the licensee's license
certificate.
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Legislative History
As added by P.L.277-1993(ss), SEC.44. Amended by
P.L.18-1994, SEC.31.
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Repealed§ 6-1.1-1-14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 § 6-6-2.5-47, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-6-2.5-47.