| Get a Surety Bond Quote in Seconds Need Insurance give us a call
Milk Dealer Bond
This milk dealer bond guarantees payment for the milk
supplied by the farmers and dairies. This milk dealer
bond is secured only after obtaining license from the
commissioner of the agricultural department. Without
the corporate surety bond or collateral surety bond
approved by the agricultural department, no dealer can
either purchase or acquire milk from the producers.
The corporate surety bond is a bond which is executed
by the state for the principal, the surety and the obligee.
The agriculture department has no rights to reject the
corporate bond. Application for license to be obtained,
to start business as a dealer, sub dealer, cheese manufacturer,
and dry milk manufacturer shall be made to the commissioner.
The bond requirements will be has prescribed by the
Department of Agriculture, for the payment of milk purchased
by the milk dealer from the producers.
|
