Form 0405-599 - Promary Fish Buyers And Fish Processors Bond
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1Alaska Department of Revenue
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PO Box 110420
Juneau, AK 99811-0420
Primary Fish Buyers and Fish Processors Bond
AS 44.025.048(4) and (6)
Principal Name _________________________________
Bond Number _______________________
Principal Address _______________________________
Phone Number ______________________
Business Type (check one):
Primary Fish Buyer
Fish Processor
Both
We, as principal(s) doing business as a Fish Processor, as defined in AS 44.25.048(4), or as a Primary
Fish Buyer, as defined in AS 44.25.048(6) and _____________________________________________
(name of insurance company)
as surety, a corporation incorporated under the laws of the State of ___________________________ and
authorized to do business in the State of Alaska and execute this bond, are held and firmly bound unto the
State of Alaska, Department of Revenue, in the sum of $_______________________, for the payment of
which we bind ourselves, our executors, administrators, heirs, assigns, and successors, jointly and
severally, firmly by this bond.
If the principal pays (1) wages owing to all persons furnishing labor to the primary fish buyer or fish
processor named herein, including contractual employee benefits; and (2) independent registered
commercial fishermen for the price of the raw fishery resource purchased from them, and (3) fees owing
for the service of transporting raw fish, and (4) unemployment insurance contributions, this obligation is
void; otherwise it remains in full force and effect.
Under AS 44.25.040 the surety reserves the right to terminate this bond except as to any liability already
incurred or accrued, and may do so upon giving the principal and the Commissioner of Revenue of the
State of Alaska written notice to that effect. Thirty days after receipt by the Commissioner of Revenue of
such notice or upon a later date specified in the notice, or upon the filing and acceptance of a new bond
shall terminate and be of no more force and effect, except as to any liabilities or indebtedness incurred or
accrued thereunder as of the date of termination.
The effective date of this bond is _________________________ and it shall remain in force and effect
continuously until the earlier of (1) the date this bond is cancelled by the surety as described above, or (2)
two years after the principal is no longer licensed as stated above by the Alaska Department of Revenue,
except that if during such two-year period a claim has been asserted against this bond, the term is five
years after the license was terminated.
(seal)
_________________________________________
ATTEST:
(Principal)
_________________________________
By: _________________________________________
(Secretary of Principal)
(Authorized Agent)
(seal)
_________________________________________
ATTEST:
(Surety)
________________________________
By: _________________________________________
(Secretary of Surety)
(Authorized Agent)
Webform 0405-599 (Rev 11/07)
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