Sale of or proceedings against security

If liability for any tax for the payment of which security has been furnished becomes conclusive, the department may: A. redeem for cash or, as specified in the Tax Administration Act for sale of property levied upon, sell such security; or B. compel the surety directly to discharge the liability for payment of the principal debtor by serving demand upon him therefor. History: 1953 Comp., § 72-13-69, enacted by Laws 1965, ch. 248, § 57; 1979, ch. 144, § 50; 2001, ch. 56, § 15.