§60-8-26. Forfeiture of bond.
On conviction of a violation of any provision of this article,
upon the revocation of a license in accordance with section
eighteen of this article or upon finding of failure of a taxpayer
to pay all taxes prescribed by section four of this article, which
conviction, revocation or finding has become final, the licensee,
former licensee or company registered and licensed as a supplier or
distributor, as the case may be, shall forfeit any bond required by
section twenty-nine of this article. The penal sum of any bond
forfeited shall forthwith be paid to the State Treasurer and
credited to the General Revenue Fund of this state. Such sum may
be collected by an action at law or other appropriate remedy.