Maryland Wholesale Drug Distributors Bond
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.
Latest posts by Victor J. Lance, President/Owner (see all)
- How to Get an Alabama Dealer License [2021 Guide] - January 11, 2021
- How to Get a Maine Auto Dealer License [2021 Guide] - January 8, 2021
- A Simple Guide to Understanding Bail Bonds (2021) - January 8, 2021