§ 3.2-4712

Fee and bond to accompany license

Applications shall be accompanied by a license fee of $ 10, and a good and sufficient bond, approved by the Commissioner, in the amount of $ 3,000 for all applications other than for livestock auction markets, in which case the application, together with the fee, shall be accompanied by a bond in the sum of $ 5,000, when the average daily gross commission business is $ 5,000 or less, with $ 1,000 added to the bond for each additional $ 5,000 average daily gross commission business done for the previous year with a maximum bond of $ 10,000 that entitles the applicant to a license to expire on December 31.

History

Code 1950, § 3-538; 1952, c. 387; 1966, c. 702, § 3.1-696; 2008, c. 860.

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