Details for Michigan wholesaler or acquirer security

Section 205.423 makes licensing specific to the business place and capacity. Acting in more than one capacity at a place requires a license for each. Have Treasury address the actual wholesaler or unclassified-acquirer activity rather than assuming one category covers all distribution.

The current statute permits Treasury to require an authorized-surety bond in its assigned amount, conditioned on payment of the Act's tax. Form 702 provides the fuller tobacco compliance/reporting/tax-and-penalty undertaking.

The model calls for further security on ten days' written notice to the principal. That is not its surety-withdrawal period. Withdrawal uses written notice to Michigan, retains liability through sixty days after the request and expressly does not waive applicable statutory provisions.

Enter the accepted effective and expiration dates; the form has both fields. Complete the actual principal/surety signatures and seals, corporate officer execution where applicable, and the required authorizing resolution/power of attorney for entity execution.

Purchase Now opens Propeller's Michigan application in a new tab. Match the legal applicant, Treasury account, tobacco category, assigned sum and accepted dates, then complete Treasury license/security filing. Provider payment does not grant a license or establish stamp-purchase credit.