1. (a) Every person desiring to engage in business within this state and who does not maintain a permanent business within this state shall be required to obtain a retailer’s permit and post a bond sufficient to cover the anticipated tax liability during the period the business is to operate in this state, not to exceed one (1) year.
2. (b) A bond by a surety company or the assignment of a certificate of deposit in an Arkansas financial institution is acceptable in lieu of a cash bond.

Codification Notes: This section as promulgated prior to codification into the Code of Arkansas Rules contained a footnote as follows: "Source: Ark. Code Ann. §§ 17-49-109; 26-52-105; 26-52-201; 26-52-203"