Assignment to state of manufacturer's interest in money in qualified escrow fund

Notwithstanding the provisions of § 10-50B-8 , a manufacturer that elects to deposit money into a qualified escrow fund pursuant to § 10-50B-7 may assign to the state the interest of the manufacturer in any money in the qualified escrow fund.
An assignment executed under this section is irrevocable and applies to any money and any interest or other appreciation earned on any money for which the manufacturer executes the assignment.

Last amended: Source: SL 2019, ch 67 , § 1.

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In this chapter (40 sections)

10-50-102 · Separate violations
10-50-103 · Forfeiture of products, profits, and benefits
10-50-104 · Other available penalties and remedies--Tax collected from…
10-50-105 · Provider of roll-your-own machine is cigarette…
10-50-106 · Only products in directory to be used in roll-your-own…
10-50-107 · Seizure and destruction of tobacco products not purchased…
10-50B-1 · Legislative findings
10-50B-2 · Legislative intent
10-50B-3 · Definitions
10-50B-4 · Cigarette defined
10-50B-5 · Tobacco product manufacturer defined
10-50B-6 · Units sold defined
10-50B-7 · Requirements for tobacco product manufacturers selling…
10-50B-8 · Tobacco product manufacturers to receive appreciation on…
10-50B-9 · Certification of compliance by tobacco product…
10-50B-10 · Each failure to make deposit a separate violation
10-50B-11 · Master Settlement Agreement monies to be deposited in…
10-50B-12 · 10-50B-12. Repealed by SL 2001, ch 152, § 10
10-50B-13 · Revocation of license--Hearing--Reinstatement
10-50B-14 · Repeal of SL 2010, ch 68 upon holding of…
10-50B-15 · Assignment to state of manufacturer's interest in money in…
10-50B-16 · Amendment of escrow agreement to execute…
10-50B-17 · Manufacturer not relieved of obligations by assignment
10-50B-18 · Cigarette importers--Tobacco product manufacturer--Joint…
10-50B-19 · State directory--Manufacturers--Surety bond--Amount
10-50B-20 · Disclosure of information--Purposes
10-50C-1 · Definitions
10-50C-2 · Cigar shipper license requirements
10-50C-3 · Period of validity of license--Proration or refund of…
10-50C-4 · Sale and shipment requirements
10-50C-5 · Package labeling requirements
10-50C-6 · Delivery of shipment by common carrier--Requirements
10-50C-7 · Civil penalty
10-50C-8 · State jurisdiction--Audit of records
10-50C-9 · Cigar shipper quarterly returns
10-50C-10 · Taxes
10-50C-11 · Entities exempt from § 10-50C-10
10-50C-12 · Electronic submission of returns--Electronic remittance of…
10-50C-13 · Sale and shipment without license prohibited--Action by…
10-50C-14 · Resale of cigars prohibited--Violation as misdemeanor

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