Financial statements; increased bond, letter of credit, or cash
deposit amounts
Sec. 410. The administrator may in his reasonable discretion
require a distributor to furnish current certified, audited financial
statements. If the administrator determines that a distributor's
financial condition warrants an increase in the distributor's bond,
letter of credit, or cash deposit, the administrator may require the
distributor to furnish an increased bond, letter of credit, or cash
deposit.
As added by Acts 1979, P.L.79, SEC.1. Amended by P.L.97-1987,
SEC.8.
Last modified: May 28, 2006