[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: 19CFR113.33]

[Page 499]
 
                        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. 113.33  Corporations as principals.

    (a) Name of corporation on the bonds. The name of a corporation 
executing a Customs bond as a principal, may be printed or placed 
thereon by means of a rubber stamp or otherwise, followed by the written 
signature of the authorized officer or attorney.
    (b) Signature and seal of the corporation on the bond. The bond of a 
corporate principal shall be signed by an authorized officer or attorney 
of the corporation and the corporate seal shall be affixed immediately 
adjoining the signature of the person executing the bond, as provided 
for in Sec. 113.25.
    (c) Bond executed by an officer of corporation. When a bond is 
executed by an officer of a corporation, a power of attorney shall not 
be required if the person signing the bond on behalf of the corporation 
is known to the port director or drawback office to be the president, 
vice president, treasurer, or secretary of the corporation. The 
officer's signature shall be prima facie evidence of that officer's 
authority to bind the corporation. When a power of attorney is required 
it shall conform to the requirements of subpart C, part 141, of this 
chapter.
    (d) Bond executed by an attorney in fact. When an attorney in fact 
executes a bond on behalf of a corporate principal and a power of 
attorney has not been filed with the port director (unless exempted from 
filing by Sec. 141.46 of this chapter), there shall be attached a power 
of attorney executed by an officer of the corporation whose authority to 
execute the power shall be shown as prescribed in paragraph (c) of this 
section.
    (e) Subsidiaries as co-principals. The provisions of this section 
shall be applicable to each corporate subsidiary which joins its parent 
corporation by signing the bond as co-principal.