[Code of Federal Regulations]
[Title 7, Volume 7, Parts 700 to 899]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR742.14]

[Page 361]
 
                          TITLE 7--AGRICULTURE
 
                            CHAPTER VII--FARM
                SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
 
PART 742--COTTONSEED WAREHOUSES--Table of Contents
 
Sec. 742.14  Extension bond.

    In case an application is made under Sec. 742.3 for a modification 
or an extension of a license and no bond previously filed by the 
warehouseman under Secs. 742.12 through 742.16 covers obligations 
arising during the period of such modification or extension, the 
warehouseman shall, when notice has been given by the Secretary that his 
application for such modification or extension will be granted upon 
compliance by such warehouseman with the act, file with the Secretary, 
within a time, if any, fixed in such notice, a bond complying with the 
act. In the discretion of the Secretary, a properly executed instrument 
in form approved by him, amending, extending or continuing in force and 
effect the obligations of a valid bond previously filed by the 
warehouseman and otherwise complying with the act and the regulations in 
this part, may be filed in lieu of a new bond.