Form 3859 Eligible Purchaser Surety Bond - Michigan

What Is Form 3859?

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

FAQ

Q: What is Form 3859?
A: Form 3859 is the Eligible Purchaser Surety Bond required in Michigan.

Q: Who needs to submit Form 3859?
A: Eligible purchasers in Michigan who wish to become licensed wholesalers need to submit Form 3859.

Q: What is an eligible purchaser?
A: An eligible purchaser is an individual or business entity that purchases packaged beer or wine for resale in Michigan.

Q: Why is Form 3859 required?
A: Form 3859 is required to provide a financial guarantee that the eligible purchaser will comply with all applicable laws and regulations.

Q: How do I obtain Form 3859?
A: Form 3859 can be obtained from the Michigan Liquor Control Commission.

Q: How much does the surety bond amount need to be?
A: The amount of the surety bond required is determined by the Michigan Liquor Control Commission.

Q: Can I use a cash deposit instead of a surety bond?
A: Yes, eligible purchasers can choose to deposit cash with the Michigan Liquor Control Commission as an alternative to a surety bond.

Q: What happens if an eligible purchaser fails to comply with the laws and regulations?
A: If an eligible purchaser fails to comply, the surety bond or cash deposit may be forfeited to cover any financial loss incurred by the State of Michigan.

Q: Is Form 3859 specific to Michigan?
A: Yes, Form 3859 is specific to Michigan and is not applicable in other states or jurisdictions.

Q: Are there any exemptions from submitting Form 3859?
A: There are no exemptions from submitting Form 3859 for eligible purchasers in Michigan.