Ga. Comp. R. & Regs. R. 560-2-2-.03 - Bonds
(1)
Alcoholic Beverage Licensees for Distilled Spirits and Wine are required to
post with the Commissioner an approved annual bond under a surety company
authorized to do business in Georgia, in the amount and under conditions
specified by Code §
3-4-22 for Distilled Spirits, and
Code §
3-6-21 for Wine.
(2) Alcoholic Beverage Licensees for Malt
Beverages are required to post with the Commissioner either:
(a) An approved annual bond under a surety
company authorized to do business in Georgia, in the amount and under
conditions specified by Code §
3-5-25.1 for Malt Beverages and
Code §
3-5-36 and Rule
560-2-8-.02 for brewpubs;
or
(b) An irrevocable bank letter
of credit, issued by a bank located in Georgia, conditioned upon the prompt
payment of all sums which may become due as required by all laws, rules and
regulations governing the distribution and sale of Alcoholic Beverages in
Georgia.
Notes
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