SALES AGENT BONDING

(1) The director may require a surety bond from the owner or corporation making the application to the lottery to become a lottery sales agent. The bond amount is determined by: (a) if the location was previously licensed, the sales total for the six months prior to closing; (b) for a new location, the sales of a similarly sized sales agent in a community of approximately the same population for the six months before the application date. (2) The sales agent shall maintain the bond for two years. Authorizing statute(s): 23-7-202 , 23-7-301 , MCA Implementing statute(s): 23-7-301 , MCA History: NEW, 1987 MAR p. 883, Eff. 6/26/87; AMD, 1990 MAR p. 226, Eff. 1/26/90; TRANS, from Commerce, 2001 MAR p. 2407; AMD, 2006 MAR p. 526, Eff. 2/24/06; AMD, 2018 MAR p. 1155, Eff. 6/23/18; AMD, 2019 MAR p. 2229, Eff. 12/7/19.