Admin. R. Mont. 2.59.1503 – Unencumbered Assets as Additional Surety | Midpage
Rule 2.59.1503
Admin. R. Mont. 2.59.1503
Unencumbered Assets as Additional Surety
Effective Nov 5, 1999Authorizing statute(s): 31-1-702, MCA; Implementing statute(s): 31-1-702, 31-1-705, MCAState of Montana
(1) The statutorily required $25,000 in unencumbered assets shall serve as additional surety for the licensee's operations. These assets shall remain unencumbered.
Authorizing statute(s): 31-1-702, MCA
Implementing statute(s): 31-1-702, 31-1-705, MCA
History: NEW, 2000 MAR p. 71, Eff. 11/5/99; TRANS, from Commerce, 2001 MAR p. 1178.