87-2-902. Bond or security of agent and preferred claim of state for license money. (1) An appointed license agent shall furnish a corporate surety bond or other security if required by department rule. The bond secures the faithful performance of the duties imposed on the license agent and the accounting for and payment to the state of all money received from the sale of hunting and fishing licenses and any permits or certificates prescribed by the department. The license agent shall properly account for all unsold licenses, permits, and certificates annually on March 1 or at any other time at the request of the director.
     (2) All money received for the sale of licenses, permits, and certificates belongs to the state. In case of an assignment for the benefit of creditors, receivership, or bankruptcy, the state has a preferred claim against the assets and estate of a license agent for all money owed the state.

     History: En. Sec. 2, Ch. 88, L. 1947; amd. Sec. 1, Ch. 156, L. 1949; amd. Sec. 26, Ch. 511, L. 1973; amd. Sec. 8, Ch. 421, L. 1977; R.C.M. 1947, 26-221; amd. Sec. 7, Ch. 44, L. 1979; amd. Sec. 1, Ch. 534, L. 1983; amd. Sec. 8, Ch. 187, L. 1997.