If you are engaged in the operation of an Automated Teller Machine in Minnesota you are required under Sections 47.64, subdivision 5 of the Minnesota Statutes to file a Minnesota Automated Teller Machines 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 Automated Teller Machines Bond holds you accountable for your business decisions.
By possessing a Minnesota Automated Teller Machines Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.