{"data":{"id":"us-nc/n.c.-gen.-stat.-105-449.40","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 105-449.40","heading":"Secretary may require bond.","body":"(a)\tAuthority. - The Secretary may require a motor carrier to furnish a bond when any of the following occurs:\n(1)\tThe motor carrier fails to file a return within the time required by this Article.\n(2)\tThe motor carrier fails to pay a tax when due under this Article.\n(3)\tAfter auditing the motor carrier's records, the Secretary determines that a bond is needed to protect the State from loss in collecting the tax due under this Article.\n(b)\tAmount. - A bond required of a motor carrier under this section may not be more than the larger of the following amounts:\n(1)\tFive hundred dollars ($500.00).\n(2)\tFour times the motor carrier's average tax liability or refund for a reporting period.\nA bond must be in the form required by the Secretary. (1955, c. 823, s. 4; 1967, c. 1110, s. 15; 1973, c. 476, s. 193; 1991, c. 487, s. 4; 2010-95, s. 26(b).)","path":["","SUBCHAPTER V. MOTOR FUEL TAXES.","Article 36B. Tax on Motor Carriers."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_105/GS_105-449.40.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:15:52Z","sha256":"85e2126981f4bbe376286d0d127b47460af4fb3e6c922d7d8724c46bb9a63275","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-105-449.39","next":"us-nc/n.c.-gen.-stat.-105-449.41"},"notice":"GroundRules: Original legal text. Not legal advice."}