Since its issuance on June 3, 1974, Bond Form L-9 has been a legally binding document that holds liquor license applicants financially accountable for violations of the Alcoholic Beverage Control Law.
The bond creates a contractual agreement between three parties: the principal applicant, a surety company approved by the New York Superintendent of Insurance, and the People of the State of New York. The surety establishes a penal sum plus potential costs as a financial safeguard against non-compliance.
Bond Form L-9 remains effective throughout the license or permit period. It applies when the State Liquor Authority revokes, cancels, or suspends a license. The bond is admissible in court without further proof of execution. Its validity is presumed under New York law.
Applicants may also need an application bond or an ABC banquet license depending on their permit type.
| Question | Answer |
|---|---|
| Form Name | Bond Form L9 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | l9 bond form, form l 9 bond, ny form l, bond form l9 |