Form TOB: NPM BOND "Non-participating Manufacturer/Importer Tobacco Bond" - Alabama

What Is Form TOB: NPM BOND?

This is a legal form that was released by the Alabama Department of Revenue - a government authority operating within Alabama. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on April 1, 2014;
  • The latest edition provided by the Alabama Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form TOB: NPM BOND by clicking the link below or browse more documents and templates provided by the Alabama Department of Revenue.

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Download Form TOB: NPM BOND "Non-participating Manufacturer/Importer Tobacco Bond" - Alabama

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Rate (4.7 / 5) 14 votes
TOB: NPM BOND
4/14
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p.o. box 327555 • montgomery, Al 36132-7555 • (334) 242-9627
Manufacturer Bond
Importer Bond
Bond Number___________________
1. (Jan.-Mar.)
2. (Apr.-Jun.)
3. (Jul.-Sept.)
4. (Oct.-Dec.)
Year
Check Applicable Quarter
KNOW ALL MEN BY THESE PRESENTS:
That _____________________________________________________________________________________________
COMPANY NAME
of _________________________________________________________________________________, as Principal, and
STREET ADDRESS/CITY/STATE/ZIP/POSTAL CODE/COUNTRY
_____________________________________________________________________________, a Corporation organized
SURETY COMPANY NAME
under the laws of the State of ________________________________________, duly authorized to transact business in
the State of Alabama, as Surety, are held and firmly bound unto the State of Alabama in the sum
of _____________________________________ ($_____________________), lawful money of the United States of Amer-
ica, for the payment of which well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors
and assigns, jointly and severally, firmly by these presents.
The condition of the foregoing obligation is this:
WHEREAS, the number of individual cigarettes sold in the state by the applicable tobacco product manufacturer or importer,
whether directly or through a distributor, retailer, or similar intermediary or intermediaries, during the quarter in question,
under the provisions of the Code of Alabama 1975, Sections 6-12-3 and 6-12A-5 a non-participating manufacturer/importer
shall post a bond for the benefit of the commissioner, in accordance with the provisions of 6-12A-5(f), which is conditioned
that the non-participating manufacturer/importer shall fully comply with the escrow obligations.
AND WHEREAS, the bond shall be posted at least 10 days in advance of each calendar quarter as a condition to the non-
participating manufacturer/importer and its brand families being included in the state Directory of Cigarettes Approved for
Stamping and Sale in Alabama for that quarter. The amount of the bond shall be the greater of (i) the greatest required
escrow amount due from the non-participating manufacturer/importer or its predecessor for any of the 12 preceding calendar
quarters or (ii) $25,000.
NOW THEREFORE, if a non-participating manufacturer/importer that posted a bond has failed to make or have made on its
behalf deposits equal to the full amount owed for a quarter within 15 days following the due date for the quarter under sub-
section (e) of Section 6-12A-5, the commissioner may execute upon the bond in the amount equal to any remaining amount
of the escrow due including any applicable penalties or other charges allowable by law. Amounts the commissioner or the
State collects on a bond shall be deposited into the general fund for the benefit of the State and shall reduce the amount of
escrow due from that non-participating manufacturer or importer in the amount collected. Escrow obligations above the
and any
amount collected on the bond remain due from that non-participating manufacturer
importer liable as provided in
Subsection (b) of Section 6-12-3.
The manufacturer/importer and the corporate surety, identified herein, waive any right or privilege that the State of Alabama
must first start an action or otherwise exhaust remedies against either the manufacturer/importer or the corporate surety be-
TOB: NPM BOND
4/14
A
D
r
lAbAmA
epArtment of
evenue
b
& l
t
D
usiness
icense
Ax
ivision
t
t
s
obAcco
Ax
ection
p.o. box 327555 • montgomery, Al 36132-7555 • (334) 242-9627
Manufacturer Bond
Importer Bond
Bond Number___________________
1. (Jan.-Mar.)
2. (Apr.-Jun.)
3. (Jul.-Sept.)
4. (Oct.-Dec.)
Year
Check Applicable Quarter
KNOW ALL MEN BY THESE PRESENTS:
That _____________________________________________________________________________________________
COMPANY NAME
of _________________________________________________________________________________, as Principal, and
STREET ADDRESS/CITY/STATE/ZIP/POSTAL CODE/COUNTRY
_____________________________________________________________________________, a Corporation organized
SURETY COMPANY NAME
under the laws of the State of ________________________________________, duly authorized to transact business in
the State of Alabama, as Surety, are held and firmly bound unto the State of Alabama in the sum
of _____________________________________ ($_____________________), lawful money of the United States of Amer-
ica, for the payment of which well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors
and assigns, jointly and severally, firmly by these presents.
The condition of the foregoing obligation is this:
WHEREAS, the number of individual cigarettes sold in the state by the applicable tobacco product manufacturer or importer,
whether directly or through a distributor, retailer, or similar intermediary or intermediaries, during the quarter in question,
under the provisions of the Code of Alabama 1975, Sections 6-12-3 and 6-12A-5 a non-participating manufacturer/importer
shall post a bond for the benefit of the commissioner, in accordance with the provisions of 6-12A-5(f), which is conditioned
that the non-participating manufacturer/importer shall fully comply with the escrow obligations.
AND WHEREAS, the bond shall be posted at least 10 days in advance of each calendar quarter as a condition to the non-
participating manufacturer/importer and its brand families being included in the state Directory of Cigarettes Approved for
Stamping and Sale in Alabama for that quarter. The amount of the bond shall be the greater of (i) the greatest required
escrow amount due from the non-participating manufacturer/importer or its predecessor for any of the 12 preceding calendar
quarters or (ii) $25,000.
NOW THEREFORE, if a non-participating manufacturer/importer that posted a bond has failed to make or have made on its
behalf deposits equal to the full amount owed for a quarter within 15 days following the due date for the quarter under sub-
section (e) of Section 6-12A-5, the commissioner may execute upon the bond in the amount equal to any remaining amount
of the escrow due including any applicable penalties or other charges allowable by law. Amounts the commissioner or the
State collects on a bond shall be deposited into the general fund for the benefit of the State and shall reduce the amount of
escrow due from that non-participating manufacturer or importer in the amount collected. Escrow obligations above the
and any
amount collected on the bond remain due from that non-participating manufacturer
importer liable as provided in
Subsection (b) of Section 6-12-3.
The manufacturer/importer and the corporate surety, identified herein, waive any right or privilege that the State of Alabama
must first start an action or otherwise exhaust remedies against either the manufacturer/importer or the corporate surety be-
fore pursuing such remedies. If the manufacturer/importer or the corporate surety breach any condition of this bond, the
State of Alabama may pursue remedies against the manufacturer/importer and/or the corporate surety.
The Surety of this bond may be released and discharged from any and all liability to the State of Alabama accruing on said
bond after the expiration of sixty days from the date upon which this Surety shall have filed with the Alabama Department of
Revenue written request to be released and discharged; provided, however, that such request shall not operate to relieve,
discharge, or release such Surety from any liability already accrued, or which shall accrue, before the expiration of said
sixty-day period.
In the event that the corporate surety elects to cancel this bond, the manufacturer/importer must secure an alternative bond
by the expiration of the aforementioned sixty (60) day period. Failure to secure a supplemental bond will result in immediate
removal of the manufacturer/importer from the Directory of Cigarettes Approved for Stamping and Sale in Alabama. The
manufacturer/importer and corporate surety shall remain liable for all obligations accrued prior to the effective date of the
bond cancellation.
IN WITNESS WHEREOF, we have hereunto set our hands and seals, at: (Surety complete address)
_________________________________________________________________________________________________
SURETY STREET ADDRESS/CITY/STATE/ZIP CODE
this the______ day of _____________________________, ____________
_______________________________________
IN THE PRESENCE OF:
Principal
_______________________________________
_____________________________________
BY
Witness Signature
Officer’s Signature
_______________________________________
_______________________________________
Type Witness Signature
Type Officer’s Name and Title
_______________________________________
Surety
_______________________________________
_____________________________________
BY
Witness Signature
Agent of Surety Company
_______________________________________
_______________________________________
Type Witness Signature
Type Agent’s Name
_______________________________________
Surety Telephone Number
_____________________________________
BY
Alabama Resident Agent
_______________________________________
Type Agent’s Name
_______________________________________
Type Agent’s License Number
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