11 GCA § 40114: Same: Penalty.

If any tax preparer fails to file a new bond with the division within thirty (30) days after notice of cancellation by the surety of the bond required under § 40113 the registration under this Chapter shall be suspended until such time as a new bond is filed. A person whose registration is suspended pursuant to this Section shall not, for a fee, assist with or prepare the income or franchise tax returns of others during the period of such suspension.