Decrease in bond amount, or waiver of bond, upon demonstration of financial condition.

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10-47B-88. Decrease in bond amount, or waiver of bond, upon demonstration of financial condition.

The secretary may review evidence provided by a licensee or applicant for license which demonstrates that the licensee's financial condition warrants a decrease in the bond amount or waiver of the bond. If the secretary determines that a decrease in the bond amount or waiver of the bond is warranted, the secretary may order a decrease in the bond amount or waive the requirement.

Source: SL 1995, ch 71, §88; SL 1996, ch 90, §26.


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