Indiana Code 6-6-1.1-410. Financial statements; increased bond, letter of credit, or cash deposit amounts
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Indiana Code 6-6-1.1-410
- Administrator: means the administrative head of the department of state revenue or the administrator's designee. See Indiana Code 6-6-1.1-103
- Distributor: means a person who first receives gasoline in Indiana. See Indiana Code 6-6-1.1-103
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.