Ohio § 3772.112 Surety bond

Ohio Statutes

§ 3772.112 — Surety bond

Ohio § 3772.112

Title 37Health-Safety-Morals

Ch. 3772Casino Gaming

This text of Ohio § 3772.112 (Surety bond) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 3772.112 (2026).

Text

Before a license is issued to a casino  operator, the casino operator shall post, and thereafter shall  maintain, a surety bond in the amount of one million dollars  payable to the state, conditioned on the casino operator complying  with Section 6(C) of Article XV, Ohio Constitution, this chapter,  and the rules adopted under this chapter. The bond shall be issued  by a surety that is licensed to do business in this state, and  shall be approved by the commission. The total aggregate liability  of the surety on the bond is limited to the amount specified in  the bond. The surety shall not cancel the bond unless the surety  has given the commission, in the event of nonpayment of premium,  ten days' notice of the intention to cancel, and in the event of  any other cause, thirty days' notice

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Before a license is issued to a casino operator, the casino operator shall post, and thereafter shall maintain, a surety bond in the amount of one million dollars payable to the state, conditioned on the casino operator complying with Section 6(C) of Article XV, Ohio Constitution, this chapter, and the rules adopted under this chapter. The bond shall be issued by a surety that is licensed to do business in this state, and shall be approved by the commission. The total aggregate liability of the surety on the bond is limited to the amount specified in the bond. The surety shall not cancel the bond unless the surety has given the commission, in the event of nonpayment of premium, ten days' notice of the intention to cancel, and in the event of any other cause, thirty days' notice of the intention to cancel. If the bond is to be canceled, and if the casino operator fails to post and maintain a new surety bond in the specified amount on or before the day of cancellation, the casino operator's license is void.