Utah Code 32B-5-204. Bond for retail license
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Terms Used In Utah Code 32B-5-204
- Commission: means the Alcoholic Beverage Services Commission created in Section
32B-2-201 . See Utah Code 32B-1-102 - Department: means the Department of Alcoholic Beverage Services created in Section
32B-2-203 . See Utah Code 32B-1-102 - License: means :(62)(a) a retail license;(62)(b) a sublicense;(62)(c) a license issued in accordance with Chapter 7, Part 4, Off-premise Beer Retailer State License;(62)(d) a license issued in accordance with Chapter 11, Manufacturing and Related Licenses Act;(62)(e) a license issued in accordance with Chapter 12, Liquor Warehousing License Act;(62)(f) a license issued in accordance with Chapter 13, Beer Wholesaling License Act; or(62)(g) a license issued in accordance with Chapter 17, Liquor Transport License Act. See Utah Code 32B-1-102
- Licensee: means a person who holds a license. See Utah Code 32B-1-102
- Person: means :
(24)(a) an individual;(24)(b) an association;(24)(c) an institution;(24)(d) a corporation;(24)(e) a company;(24)(f) a trust;(24)(g) a limited liability company;(24)(h) a partnership;(24)(i) a political subdivision;(24)(j) a government office, department, division, bureau, or other body of government; and(24)(k) any other organization or entity. See Utah Code 68-3-12.5- Retail license: means one of the following licenses issued under this title:
(113)(a) a full-service restaurant license;(113)(b) a master full-service restaurant license;(113)(c) a limited-service restaurant license;(113)(d) a master limited-service restaurant license;(113)(e) a bar establishment license;(113)(f) an airport lounge license;(113)(g) an on-premise banquet license;(113)(h) an on-premise beer license;(113)(i) a reception center license;(113)(j) a beer-only restaurant license;(113)(k) a hospitality amenity license;(113)(l) a resort license;(113)(m) a hotel license; or(113)(n) an arena license. See Utah Code 32B-1-102(1)(a) A retail licensee shall post a cash bond or surety bond:(1)(a)(i) in the amount specified in the relevant chapter or part for the type of retail license for which the person is applying; and(1)(a)(ii) payable to the department.(1)(b) A retail licensee shall procure and maintain the bond required under this section for as long as the retail licensee continues to operate as a retail licensee.(2) A bond required under this section shall be:(2)(a) in a form approved by the attorney general; and(2)(b) conditioned upon the retail licensee’s faithful compliance with this title and the rules of the commission.(3)(3)(a) If a surety bond posted by a retail licensee under this section is canceled due to the retail licensee’s negligence, the department may assess a $300 reinstatement fee.(3)(b) No part of a bond posted by a retail licensee under this section may be withdrawn:(3)(b)(i) during the period the retail license is in effect; or(3)(b)(ii) while a revocation proceeding is pending against the retail licensee.(4)(4)(a) A bond posted under this section by a retail licensee may be forfeited if the retail license is revoked.(4)(b) Notwithstanding Subsection (4)(a), the department may make a claim against a bond posted by a retail licensee for money owed the department under this title without the commission first revoking the retail license.