[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: 19CFR113.34]

[Page 489]
 
                        TITLE 19--CUSTOMS DUTIES
 
  CHAPTER I--UNITED STATES CUSTOMS SERVICE, DEPARTMENT OF THE TREASURY
 
PART 113--CUSTOMS BONDS--Table of Contents
 
                   Subpart D--Principals and Sureties
 
Sec. 113.34  Co-principals.

    A bond with a co-principal may be used by a person having a distinct 
legal status (e.g., individual, partnership, corporation) to join 
another person with the same distinct legal status on the bond. A bond 
with a co-principal shall not be used to join an entity which does not 
have a distinct legal status (e.g. an unincorporated division of a 
corporation). However, an entity which does not have a distinct legal 
status may use another bond if listed on the bond by the principal at 
the time of execution or by subsequent rider (see Sec. 113.24). A bond 
with co-principal may not be used to join different legal entities (e.g. 
an individual and a corporation, a partnership and a corporation).