2.59.1503    UNENCUMBERED ASSETS AS ADDITIONAL SURETY

(1) The statutorily required $25,000 in unencumbered assets shall serve as additional surety for the licensee's operations. These assets shall remain unencumbered.

History: 31-1-702, MCA; IMP, 31-1-702, 31-1-705, MCA; NEW, 2000 MAR p. 71, Eff. 11/5/99; TRANS, from Commerce, 2001 MAR p. 1178.