Maryland Wholesale Drug Distributors Bond
HB 1195: Miscellaneous Bond – Wholesale Drug Distributors
Prior law required whole sale drug distributors to post a surety bond in the amount of $100,000 in connection with obtaining a permit. Under the new law the amount required will be based on the distributor’s annual gross receipts. This is required so that if such receipts in the previous tax year were $10 Million or more, a $100,000 bond is required. A $50,000 will be necessary if the receipt is less than $10 million.
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Lance Surety Bond Associates, Inc. is a surety bond agency based out of southeastern Pennsylvania that is able to write all surety bond types in all 50 states. We are dedicated to servicing all of our customers' surety bonding needs throughout the country and guarantee competitive rates, timely responses, and unparalleled customer service.
