N.Y. Alcoholic Beverage Control Law § 112: Bonds of licensees and permittees

§ 112. Bonds of licensees and permittees. The liquor authority may

require the licensees and permittees of one or more of the kinds or

classes described in this chapter to file with it a bond to the people

of the state of New York issued by a surety company, approved by the

superintendent of financial services as to solvency and responsibility

and authorized to transact business in this state, in such penal sum as

the liquor authority may heretofore have prescribed or hereafter shall

prescribe, conditioned that such licensee or permittee will not suffer

or permit any violation of the provisions of this chapter and that all

fines and penalties which shall accrue, during the time the license or

permit shall be in effect, will be paid, together with all costs taxed

or allowed in any action or proceeding brought or instituted for a

violation of any of the provisions of this chapter. A suit to recover on

any bond filed pursuant to chapter one hundred eighty of the laws of

nineteen hundred thirty-three or this chapter may be brought by the

liquor authority or on relation of any party aggrieved, in a court of

competent jurisdiction and in the event that the obligor named in such

bond has violated any of the conditions of such bond, recovery for the

penal sum of such bond may be had in favor of the people of the state.

Notwithstanding the provisions of this section, no bond shall be

required to be filed by the holder of a solicitor's permit issued under

section ninety-three of this chapter.