[Code of Federal Regulations]
[Title 19, Volume 1]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 19CFR113.24]

[Page 486-487]
 
                        TITLE 19--CUSTOMS DUTIES
 
  CHAPTER I--UNITED STATES CUSTOMS SERVICE, DEPARTMENT OF THE TREASURY
 
PART 113--CUSTOMS BONDS--Table of Contents
 
                      Subpart C--Bond Requirements
 
Sec. 113.24  Riders.

    (a) Types of riders. The port director may accept the following 
types of bond riders.
    (1) Name change of principal. A bond rider to change the name of a 
principal on a bond may be used only when the change in name does not 
change the legal identity or status of the principal. If a new 
corporation is created as a result of a merger, reorganization or 
similar action, a bond rider for a name change of the principal can not 
be used. A new bond would be required.
    (2) Address change. A bond rider may be used to change the address 
of a principal on a bond.
    (3) Addition and deletion of trade names and unincorporated 
divisions of a corporate principal. A bond rider may be used to add to 
or delete from a bond trade names and the names of unincorporated 
divisions of a corporate principal which do not have a separate and 
distinct legal status.
    (b) Where filed. A rider must be filed at the port where the bond 
was approved.
    (c) Attachment of rider to bond. All riders expressly authorized by 
the Commissioner shall be securely attached to the related bond to 
prevent their loss or misplacement.
    (d) Format of rider. The riders shall be signed, sealed, witnessed, 
executed, include a certificate as to corporate principal, if 
applicable, and otherwise comply with the requirements of this part. The 
riders shall contain the following conditions:
    (1) Name change of principal.

    By this rider to the Customs Form 301,---- (bond number), dated ----
, executed by ----, (former name), as principal, ----, (importer 
number), the, ---- (new name), hereby certifies that it is the same 
entity formerly known as ----, (former name), and the principal and 
surety agree that they are responsible for any act secured by this bond 
done under principal's former name. Principal and surety agree to be 
bound under this bond to the same extent as if this bond had been 
executed in the principal's new name. This rider is effective on ---- 
(date).

    (2) Address change.

    By this rider to Customs Form 301, ---- (bond number) executed on --
-- (date), by ----, (principal's name), as principal, ----, (importer 
number), and ---- (surety's name

[[Page 487]]

and code), as surety, which is effective on ---- (date), the principal, 
surety or both, intend that the bond be amended to show ---- (new 
address) as their address. The principal, surety or both, as may be 
appropriate agree to be bound as though this bond has been executed with 
the new address(s) shown.

    (3) Addition or deletion of trade names and unincorporated divisions 
of a corporate principal--(i) Addition rider.

    By this rider to the Customs Form 301, ----, (bond number), executed 
on ----, (date), by ----, (principal's name), as principal, ----, 
(importer number) and ----, (surety's name and code), as surety, which 
is effective on ---- (date), the principal and surety agree that the 
below listed names are unincorporated units of the principal or are 
trade or business names used by the principal in its business and that 
this bond covers its business and that this bond covers any act done in 
those names to the same extent as though done in the name of the 
principal. The principal and surety agree that any such act shall be 
considered to be the act of the principal.

    (ii) Deletion rider.

    By this rider to the Customs Form 301, ----, (bond number), executed 
on ----, (date), by ----, (principals name) as principal, ----, 
(importer number and ----, (surety's name and surety code), as surety, 
which is effective on ----, (date), the principal and surety agree that 
the below listed names of unincorporated units of the principal or trade 
or business names used by the principal in its business are deleted from 
the bond effective upon the date of approval of the rider by the 
appropriate Customs bond approval official.