Okla. Stat. tit. 68, § 68-1368

Bond or Security.

(A) The Tax Commission may require every person who holds a

sales tax permit pursuant to the provisions of the Oklahoma Sales

Tax Code and is delinquent or becomes delinquent in the reporting or

paying any taxes levied under this article or penalties or interest

thereon to furnish to the Commission a cash bond, bond from a surety

company chartered or authorized to do business in this state,

certificates of deposits, certificates of savings or U.S. Treasury

bonds, an assignment of negotiable stocks or bonds or such other

security as the Commission may deem necessary to secure payment of

taxes under this article. Any surety bond furnished under this

section shall be a continuing instrument and shall constitute a new

and separate obligation in the sum stated therein for each calendar

year or a portion thereof while such bond is in force. Such bond

shall remain in effect until the surety or sureties are released and

discharged by the Tax Commission. The Tax Commission shall fix the

amount of such bond or other security required in each case after

considering the tax liability expected to accrue, not to exceed

three times the amount of the average quarterly tax liability.

Provided, any taxpayer who reports and remits taxes hereunder on a

Oklahoma Statutes - Title 68. Revenue and Taxation Page 620

semiannual basis and is or becomes delinquent in reporting or paying

may be required to provide a bond or other security in an amount not

to exceed three times the amount of the average semiannual tax

liability. Any bond or other security furnished shall be such as

will protect this state against failure of the taxpayer to pay the

tax levied by this article.

(B) If any vendor fails or refuses to furnish a bond or other

security as required by the Tax Commission within ten (10) days

after mailing of notice thereof to said vendor, any authorized agent

of the Tax Commission may remove the permit issued under this

article from the taxpayer's premises and cause the same to be

revoked. The forfeiture or cancellation of such bond or security,

for any reason whatsoever, shall automatically revoke the permit

issued pursuant to the provisions of the Oklahoma Sales Tax Code.

(C) All persons doing business in this state, classified as

Group Three vendors under this article, shall make a sufficient cash

deposit or sufficient bond with the Tax Commission as the Tax

Commission may deem necessary to secure payment of the semiannual

tax liability before doing business in this state or before

receiving a permit to do business in this state as provided in this

article.