If you are engaged as an alcohol manufacturer or wholesaler in Minnesota you are required under Chapter 340 of the Minnesota Statutes to file a Minnesota Alcohol Manufacturers and Wholesalers Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Minnesota Alcohol Manufacturers and Wholesalers Bond holds you accountable for your business decisions.
By possessing a Minnesota Alcohol Manufacturers and Wholesalers Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.