[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: 19CFR113.36]

[Page 490]
 
                        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. 113.36  Partner acting as surety on behalf of a partner or on behalf of a partnership.

    A member of a partnership shall not be accepted as an individual 
surety on a bond executed by the partnership as principal. A partner may 
be an individual surety for a fellow partner on a bond if (a) the 
transaction is in an individual capacity and unrelated to the 
partnership, (b) sufficient unencumbered nonpartnership property is 
available as security, and (c) the individual qualifies as an individual 
surety under the provisions of Sec. 113.35 of this part.