Form PS2446-10 "Motor Vehicle Dealer License Surety Bond" - Minnesota

What Is Form PS2446-10?

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

Form Details:

  • Released on May 1, 2015;
  • The latest edition provided by the Minnesota Department of Public Safety;
  • 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 fillable version of Form PS2446-10 by clicking the link below or browse more documents and templates provided by the Minnesota Department of Public Safety.

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Download Form PS2446-10 "Motor Vehicle Dealer License Surety Bond" - Minnesota

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MINNESOTA DEPARTMENT OF PUBLIC SAFETY
Print Form
DRIVER AND VEHICLE SERVICES
445 Minnesota Street, Suite 186
Saint Paul, MN 55101-5186
Phone: (651) 201-7800 Fax: (651) 297-1480
Web: dvs.dps.mn.gov Email: DVS.DealerQuestion@state.mn.us
M OT OR VEH ICL E DE A LER L ICENSE SURETY BOND
KNOW ALL MEN BY THESE PRESENTS, That we
Bond Number:
Firm Name, Individual Name, or all Names of all Partners
Doing Business As (business name):
Check One:
Individual Owner
Partnership
Corporation
LLC
Business Address (Must be the same as dealer license application)
as principal, and
as surety are held and firmly bound to the State of
Minnesota to indemnify the State of Minnesota and any transferor, or seller, or purchaser of a motor vehicle for any monetary
loss caused by failure of the Principal to meet the obligations imposed by the laws of this state, including the conduct required
of a licensee by Minnesota Statutes, section 168.27, and the payment of all taxes, license fees, and penalties, in the amount for
which payment is to be made and for which we bind ourselves, jointly and severally, our joint and several heirs, executor,
administrators, successors and assigns, provided that the aggregate liability under this bond shall not exceed the amount
indicated below during the term for which it is issued.
Dealer Bond in the amount of $
Term: From:
, 20
to
, 20
or
Continuous: From:
, 20
.
WHEREAS, the above bonded Principal desires that a motor vehicle dealer’s license be issued by the Registrar of Motor
Vehicles, State of Minnesota; and
WHEREAS, this bond executed by the said Principal and Surety is filed with the Registrar in compliance with the provisions of
Minnesota Statues, section 168.27, subdivision 24, to enable said Principal to obtain a license from the Registrar of Motor
Vehicles under the provision of that law,
NOW, THEREFORE, the condition of this obligation is such that if the Principal shall faithfully perform the obligations imposed
by the laws of this state, including taxes, license fees and penalties, then this obligation shall be null and void; otherwise it shall
remain in full force and effect.
THIS BOND may be canceled at any time as to the future liability upon the Surety’s giving a least thirty (30) days written notice
to the Registrar of Motor Vehicles of the State of Minnesota, in which event the Surety’s liability shall terminate at the expiration
of such notice period except as to all acts covered by this bond occurring prior thereto.
IN WITNESS WHEREOF, we have duly executed the foregoing obligation
this
day of
, 20
.
(SEAL)
Prinicipal (Business Name)
(SEAL)
By:
Prinicipal Must Sign
(SEAL)
Surety
(SEAL)
By:
Attorney in Fact
-over-
PS2446-10 (05/15)
MINNESOTA DEPARTMENT OF PUBLIC SAFETY
Print Form
DRIVER AND VEHICLE SERVICES
445 Minnesota Street, Suite 186
Saint Paul, MN 55101-5186
Phone: (651) 201-7800 Fax: (651) 297-1480
Web: dvs.dps.mn.gov Email: DVS.DealerQuestion@state.mn.us
M OT OR VEH ICL E DE A LER L ICENSE SURETY BOND
KNOW ALL MEN BY THESE PRESENTS, That we
Bond Number:
Firm Name, Individual Name, or all Names of all Partners
Doing Business As (business name):
Check One:
Individual Owner
Partnership
Corporation
LLC
Business Address (Must be the same as dealer license application)
as principal, and
as surety are held and firmly bound to the State of
Minnesota to indemnify the State of Minnesota and any transferor, or seller, or purchaser of a motor vehicle for any monetary
loss caused by failure of the Principal to meet the obligations imposed by the laws of this state, including the conduct required
of a licensee by Minnesota Statutes, section 168.27, and the payment of all taxes, license fees, and penalties, in the amount for
which payment is to be made and for which we bind ourselves, jointly and severally, our joint and several heirs, executor,
administrators, successors and assigns, provided that the aggregate liability under this bond shall not exceed the amount
indicated below during the term for which it is issued.
Dealer Bond in the amount of $
Term: From:
, 20
to
, 20
or
Continuous: From:
, 20
.
WHEREAS, the above bonded Principal desires that a motor vehicle dealer’s license be issued by the Registrar of Motor
Vehicles, State of Minnesota; and
WHEREAS, this bond executed by the said Principal and Surety is filed with the Registrar in compliance with the provisions of
Minnesota Statues, section 168.27, subdivision 24, to enable said Principal to obtain a license from the Registrar of Motor
Vehicles under the provision of that law,
NOW, THEREFORE, the condition of this obligation is such that if the Principal shall faithfully perform the obligations imposed
by the laws of this state, including taxes, license fees and penalties, then this obligation shall be null and void; otherwise it shall
remain in full force and effect.
THIS BOND may be canceled at any time as to the future liability upon the Surety’s giving a least thirty (30) days written notice
to the Registrar of Motor Vehicles of the State of Minnesota, in which event the Surety’s liability shall terminate at the expiration
of such notice period except as to all acts covered by this bond occurring prior thereto.
IN WITNESS WHEREOF, we have duly executed the foregoing obligation
this
day of
, 20
.
(SEAL)
Prinicipal (Business Name)
(SEAL)
By:
Prinicipal Must Sign
(SEAL)
Surety
(SEAL)
By:
Attorney in Fact
-over-
PS2446-10 (05/15)
A C K N O WL E DG E M ENT OF P RI NC IP AL
(This certificate must be attached to the Minnesota Motor Vehicle Dealer Bond)
STATE OF
COUNTY OF
Check capacity Claimed by Signer
Signer Representing (Name of Business)
Individual Owner
Partners
Corporate Officer - Position:
LLC - Position:
On
before me personally appeared
personally known to me (or
proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within
instrument and acknowledged to me all that he/she/they executed the same in his/her/their authorized capacity(ies), and that by
his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the
instrument. FURTHER, if the principal is a corporation or a limited liability corporation, the aforesaid acknowledges that the seal
affixed to the foregoing bond is the corporate seal of the corporation, and that said bond was executed in behalf of the
corporation by authority of its Board of Directors.
WITNESS my hand and official seal.
(SEAL)
Signature
Notary Public
A C K NO WL E D G EME NT O F C OR P OR ATE SU R E T Y
(Power of Attorney MUST be attached)
STATE OF
COUNTY OF
On
before me personally appeared
personally known to me (or
proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within
instrument and acknowledged to me all that he/she is the aforesaid officer of Attorney-in-Fact of the
,
a corporation; that the seal affixed to the foregoing instrument is the corporate seal of said corporation, and that said instrument
was signed and sealed in behalf of said corporation by the aforesaid officer, by authority of its Board of Directors; and the
aforesaid officer acknowledged said instrument to be the free act and deed of said corporation.
WITNESS my hand and official seal.
(SEAL)
Signature
Notary Public
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