(a) To procure a distributor's license, every distributor shall file with the Director of the Department of Finance and Administration an application upon oath and in a form prescribed by the director, setting forth:
(1) The name under which the distributor will transact business within the State of Arkansas;
(2) The location, with street address, of its principal office or place of business within this state and all of its separate places of business within this state; and
(3) The name and complete residence address of the owner or the names and addresses of the partners, if the distributor is a partnership, or the names and addresses of the principal officer, if the distributor is a corporation or association.
(b) (1) Concurrent with the filing of an application for a distributor's license, every distributor shall file with the director a bond of the character stipulated and in the amount provided for in ยง 26-55-222.
(2) No license shall be issued upon any application unless accompanied by the bond, nor, if the applicant is a foreign corporation, unless it is at the time properly qualified under the laws of the State of Arkansas to do business therein.
(c) The director shall keep and file all applications and bonds with an alphabetical index together with a record of all licensed distributors.
Section: Previous 26-55-207 26-55-208 26-55-209 26-55-210 26-55-211 26-55-212 26-55-213 26-55-214 26-55-215 26-55-216 26-55-217 26-55-218 26-55-219 26-55-220 26-55-221 NextLast modified: November 15, 2016