Oklahoma § 19-1608

§ 19-1608.

License fee - Bond.

Oklahoma Statutes - Title 19. Counties and County Officers

Each application for a transient merchant license shall be

accompanied by a license fee of Fifty Dollars ($50.00) and by a cash

bond or a surety bond issued by a corporate surety authorized to do

business in this state in the amount of Two Thousand Dollars

($2,000.00) or five percent (5%) of the wholesale value of any

goods, wares, merchandise, or services to be offered for sale

whichever sum is lesser. The surety bond shall be made payable to

the State of Oklahoma and shall assure the payment by the applicant

of all taxes that may be due from the applicant to the state or any

political subdivision of the state, the payment of any fines that

may be assessed against the applicant or its agents or employees for

violation of the provisions of the Transient Merchant Licensing Act,

and for the satisfaction of all judgments that may be rendered

against the transient merchant or its agents or employees in any

cause of action commenced by any purchaser of goods, wares,

merchandise, or services within one (1) year from the date of the

sale by such transient merchant. The bonds shall be maintained so

long as the transient merchant conducts business in the county and

for a period of one (1) year after the termination of such business

and shall be released only when the transient merchant furnishes

satisfactory proof to the court clerk that it has satisfied all

claims of purchasers of goods, wares, merchandise, or services from

such merchant, and that all state and local sales taxes and other

taxes have been paid.

Added by Laws 1985, c. 150, § 8, eff. Nov. 1, 1985.