Okla. Stat. tit. 14A, § 14A-3-810: Bond - Letter of credit

BOND; LETTER OF CREDIT.

A. The Administrator may require an applicant or license holder

to file a bond with the application in an amount not to exceed Fifty

Thousand Dollars ($50,000.00).

B. The bond terms shall run concurrent with the licensing

period. The bond shall provide that the license holder will, during

the licensing period:

1. Faithfully conform to and abide by:

a. the requirements of this act, and

b. the rules adopted by the Administrator to administer

this act; and

2. Provide any amount that may become due or owing to the state

from the license holder under this act.

C. In lieu of the bond, the applicant or license holder, at the

applicant's or license holder's option, may post an irrevocable

letter of credit.