If you are engaged as a Cigarette Distributor who uses Tax Meter Machine in Minnesota you are required under Chapter 297F of the Minnesota Statutes to file a Minnesota Cigarette Distributor Tax Meter Machine 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 Cigarette Distributor Tax Meter Machine Bond holds you accountable for your business decisions.
By possessing a Minnesota Cigarette Distributor Tax Meter Machine Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.