PURPOSE: This rule requires a $5000 bond for each licensee.

Each licensee shall post a bond in an amount to be determined by the director depending upon the actual or projected licensee’s sales and payment history, credit record, or both, for each license obtained.

AUTHORITY: sections 313.220, RSMo (Supp. 1988) and 313.230(1)(i)(2), RSMo (Cum. Supp. 1990).* Original rule filed Sept. 4, 1985, effective Sept. 14, 1985. Amended: Filed Aug. 28, 1987, effective Nov. 23, 1987.

*Original authority: 313.220, RSMo (1985), amended 1988 and 313.230(1)(i)(2), RSMo (1985), amended 1988, 1990.