United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 8, § 272: Bonds

Licensed persons, associations, or corporations must post a bond or irrevocable letter of credit to the State before the license is issued.

bondinglicensing compliance

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01

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“Licensed persons, associations, or corporations must post a bond or irrevocable letter of credit to the State before the license is issued.”

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Bonds

Licensed persons, associations, or corporations must post a bond or irrevocable letter of credit to the State before the license is issued.

Section 272

04

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Source record from legislature.maine.gov · Source version 1 Oct 2025

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Provision
§ 272BondsProvision

Licensed persons, associations, or corporations must post a bond or irrevocable letter of credit to the State before the license is issued.

Every person, association or corporation licensed under this chapter shall, before said license is issued, give bond or irrevocable letter of credit to the State in such reasonable sum, not exceeding $100,000, as may be fixed by the commission, with a surety or sureties to be approved by the commission, conditioned to faithfully make the payments prescribed by this chapter and to keep its books and records and make reports as provided, and to conduct its racing in conformity with this chapter and the rules and regulations prescribed by the commission. [PL 2003, c. 401, §7 (AMD).]
Section 272Verify source

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  • 1 Oct 2025 · currentEnglish

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