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Oklahoma bonds

Oklahoma — Cigarette Stamp Tax Bond

For an Oklahoma cigarette-stamp security request, BT-157's Cigarette Stamp selection matches a distributing agent, wholesaler or jobber. Its printed sum is $25,000 and its express payment condition covers cigarette-stamp tax, penalties and interest.

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Recorded state
Oklahoma
Bond type
Cigarette / Tobacco Tax Bond
Category
Business operations & taxes

What this bond does

Match the cigarette-stamp activity and Tax Commission account on the actual requested instrument. The shared model's second product selection does not expand its literal payment wording.

Who needs it
Oklahoma cigarette distributing agents, wholesalers and jobbers responding to the Commission's cigarette-stamp security requirement. A request covering both cigarette and other-tobacco payments needs its own accepted scope clarification.
Who it protects
The principal and surety bind themselves jointly and severally to Oklahoma and its Tax Commission. BT-157 requires legally required reports, invoices and transaction details and payment of cigarette-stamp taxes, penalties and interest, with the Commission's amount finding final and conclusive under the model.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Details for cigarette-stamp tax security

Select the actual Cigarette Stamp activity, legal applicant and Commission account. The posted model states $25,000; have the provider match the Commission's accepted request rather than treating another tobacco class's instrument as interchangeable.

The model starts at noon Central Standard Time on the entered date and is continuing. Surety release for future liability follows thirty days from filing the written request with the Commission, sent by certified mail as directed; accrued liability and liability within that period remain.

Execution authorizes the Commission to furnish audit papers to the surety as needed to support a claim. Corporate principals sign through president with secretary attestation and corporate seal; all partners sign for a partnership. Surety execution, directly or through attorney-in-fact, includes its corporate seal.

For a request securing both cigarette and other-tobacco payments, ask the Commission which accepted condition to use. A combined heading and two boxes do not themselves expand the model's cigarette-tax payment clause.

Purchase Now opens Propeller's Oklahoma cigarette-stamp application in a new tab. Match the legal principal, cigarette role, requested sum and accepted noon start, then register/file the issued security with the Commission. Provider payment does not issue a license or settle tax arrears.

Sources

Have these ready

  1. Legal cigarette agent/wholesaler/jobber and Tax Commission account.
  2. Actual Commission request and accepted $25,000 model/security amount.
  3. Cigarette Stamp selection and accepted noon-CST start date.
  4. Corporate or all-partner execution, surety signature/authority and corporate seals.
  5. Current Commission filing and continuation/release directions.

Questions about this bond

Does a shared two-product heading expand the payment guarantee?

The literal BT-157 payment clause names cigarette-stamp taxes, penalties and interest. Get the accepted expanded condition if the actual request also requires other-tobacco payment security.

Is this a bond that automatically expires each year?

BT-157 is continuing from its entered noon-CST start. Follow the actual written release procedure rather than inferring an annual end date.

Can only one partner sign for the partnership?

The model says all partners sign as principals. Corporate principal and surety execution have their own signature/seal requirements.

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