Statutes, codes, and regulations
Illinois Administrative Code
Title 8 - AGRICULTURE AND ANIMALSPart 3 - DEPARTMENT OF AGRICULTURE ACTING AS TRUSTEE ON BEHALF OF CLAIMANTS
Subpart A - PROCEDURE FOR THE COLLECTION, CONTROL AND DISTRIBUTION OF SURETY BONDS RECEIVED BY THE DIRECTOR OF THE ILLINOIS DEPARTMENT OF AGRICULTURE ACTING AS TRUSTEE ON BEHALF OF THE CLAIMANTS
Section 3.10 - Bonding

Ill. Admin. Code tit. 8 § 3.10

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Current through Register Vol. 48, No. 50, December 13, 2024
Section 3.10 - Bonding

Pursuant to the Acts listed in Section 40.23 of the Civil Administrative Code of Illinois [20 ILCS 205/40.23 ] and the rules promulgated for the administration of such Acts, certain license holders or registrants are required to post a Surety Bond being a commercial Surety Bond or pledge other security for the purpose of providing a fund to satisfy certain specific creditors in the event of a failure. The Surety Bond shall be executed on forms supplied by the Department. Every bond shall be signed by the licensee/registrant in the same manner as the application for license/registration, acknowledged before a notary public, and if the application is a corporation, the corporate seal shall be affixed thereto.

Ill. Admin. Code tit. 8, § 3.10

Amended at 22 Ill. Reg. 11698, effective June 25, 1998