Form SFN58642 Wool Dealer's Bond - North Dakota

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Form SFN58642 Wool Dealer's Bond - North Dakota

What Is Form SFN58642?

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

FAQ

Q: What is Form SFN58642?
A: Form SFN58642 is the Wool Dealer's Bond form required in North Dakota.

Q: Who needs to fill out Form SFN58642?
A: Wool dealers in North Dakota need to fill out Form SFN58642.

Q: What is a Wool Dealer's Bond?
A: A Wool Dealer's Bond is a form of insurance that ensures the wool dealer will comply with North Dakota's laws and regulations regarding the buying, selling, and handling of wool.

Q: Why do wool dealers need to have a bond?
A: Wool dealers need to have a bond to provide financial protection for the sellers of wool, in case the dealer fails to fulfill their contractual obligations.

Q: What information is required on Form SFN58642?
A: Form SFN58642 requires information such as the dealer's name, business address, bonding company information, and bond amount.

Q: How much does the Wool Dealer's Bond cost?
A: The cost of the Wool Dealer's Bond varies depending on factors such as the bond amount and the dealer's creditworthiness.

Q: How long is the Wool Dealer's Bond valid for?
A: The Wool Dealer's Bond is usually valid for one year.

Q: What happens if a wool dealer does not have a bond?
A: If a wool dealer does not have a bond, they may be unable to operate legally in North Dakota.

Q: Can a wool dealer cancel their bond?
A: Yes, a wool dealer can cancel their bond by providing written notice to the bonding company and the North Dakota Secretary of State.

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Form Details:

  • Released on March 1, 2011;
  • The latest edition provided by the North Dakota Department of Agriculture;
  • 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 SFN58642 by clicking the link below or browse more documents and templates provided by the North Dakota Department of Agriculture.

Download Form SFN58642 Wool Dealer's Bond - North Dakota

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