Distributor's registration certificate; application fee; bond;
refunds
Sec. 16. (a) Each distributor shall obtain from the department a
registration certificate. Application for a registration certificate shall
be made in writing upon forms prescribed by the department and
shall be signed and verified by the distributor.
(b) The registration certificate shall be issued only upon payment
to the department of an annual fee of five hundred dollars ($500)
which shall accompany the application for the registration certificate.
In addition, a distributor must concurrently file a bond or a letter of
credit:
(1) in a form and with a surety or financial institution approved
by the department;
(2) in the amount of one thousand dollars ($1,000);
(3) naming the state as obligee; and
(4) conditioned upon the payment of taxes, damages, fines,
penalties, or costs adjudged against the holder of the
registration certificate by reason of the violation of any of the
provisions of this chapter.
(c) All registration certificates shall be personal, nontransferable,
and valid for one (1) year from date of issuance unless revoked or
suspended for cause by the department.
(d) If business is transacted at two (2) or more places by one (1)
distributor, a separate registration certificate shall be required for
each place of business where he operates as a distributor (as defined
by section 6 of this chapter).
(e) Each certificate shall:
(1) be numbered;
(2) show the name and address of the distributor; and
(3) be posted in a conspicuous place at the place of business for
which it is issued.
(f) Any person who changes his or her place of business shall
return his or her certificate and the department shall issue a new
certificate for the new place of business free of charge.
(g) Any certificate issued under this section may be surrendered
to the department at any time prior to its expiration, and the
department shall refund an amount of money which bears the same
proportion to the fee originally paid therefor as the unexpired period
of the permit bears to one (1) year. However, no refund shall be
allowed in the event that a certificate is revoked as provided in this
chapter, and no refund shall be made in excess of four hundred
dollars ($400).
(Formerly: Acts 1947, c.222, s.15; Acts 1969, c.324, s.1.) As
amended by P.L.2-1988, SEC.27; P.L.49-1992, SEC.1.
Last modified: May 28, 2006