Massachusetts Statutes

§ 2A — Discharge from liability under bond; notice; revocation of license

Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title XV REGULATION OF TRADE·Ch. 105 PUBLIC WAREHOUSES
Section 2A. A surety upon a bond given by a public warehouseman as a condition of holding a license issued pursuant to section one, who desires to be discharged from liability thereunder shall give written notice to that effect to the commissioner and to the state treasurer, in such form as the commissioner may prescribe, specifying a date, not earlier than sixty days after the giving of such notice, upon which his liability is to terminate in respect to further deposits for storage with such warehouseman. The commissioner shall, upon receipt of such notice, forthwith notify such warehouseman that his license will be revoked on the date specified unless prior thereto a new bond, approved as provided in section one, is given by him to the state treasurer. Failure to give a new bond as afore

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