§ 13-826. Form

   The following securities are acceptable:

   (1) a bond issued by a surety company that is authorized to do business in the State and is approved by the State Insurance Commissioner as to solvency and responsibility;

   (2) cash in an amount that the tax collector approves;

   (3) marketable securities that the tax collector approves; or

   (4) for admissions and amusement tax, alcoholic beverage tax, boxing and wrestling tax, and tobacco tax, an irrevocable letter of credit:

      (i) in an amount that the Comptroller approves; and

      (ii) with a date certain for coverage during the collection period.

HISTORY: An. Code 1957, art. 2B, § 142; art. 56, § 141; art. 81, § 312, 313A, 340, 341, 391, 392, 408, 419, 436; 1988, ch. 2, § 1; ch. 569, § 1; 1994, ch. 692.