[Code of Federal Regulations]
[Title 19, Volume 1]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 19CFR113.31]

[Page 498]
 
                        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. 113.31  Same party as principal and surety; attorney in fact.

    (a) Same party as principal and surety. The same person, 
partnership, or corporation cannot be both principal and surety on a 
bond.
    (b) Attorney in fact for principal or surety. In executing a bond, a 
person may act as:
    (1) Attorney in fact for both principal and surety;
    (2) Surety and attorney in fact for the principal; or
    (3) Principal and attorney in fact for the surety.