27 CFR 44.246 - Superseding bond.

§ 44.246 Superseding bond.
The customs warehouse proprietor shall file a new bond to supersede his current bond, immediately when (a) the corporate surety on the current bond becomes insolvent, (b) the appropriate TTB officer approves a request from the surety on the current bond to terminate his liability under the bond, (c) payment of any liability under a bond is made by the surety thereon, or (d) the appropriate TTB officer considers such a superseding bond necessary for the protection of the revenue.

Title 27 published on 2014-04-01

no entries appear in the Federal Register after this date.

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