A Bond of Wholesale Produce Dealer is required in Minnesota pursuant to Minn. Stat. Chapter 27 and rules thereunder for licensed wholesale produce dealers operating in the state. The surety bonds ensures performance of the duties under the license and compliance with all applicable state laws and rules. The bonded principal is obligated to properly make payment for the purchase price of all produce purchased, settle and pay of all claims and charges due the state for services rendered, report all consignment sales, as required by law, to persons consigning produce to license for sale on commission, and pay all proceeds of consignment sales to the persons entitled to such proceeds, less lawful charges, disbursements and commissions.
