[Code of Federal Regulations]
[Title 27, Volume 2]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR252.67]

[Page 21]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                          TREASURY (CONTINUED)
 
PART 252--EXPORTATION OF LIQUORS--Table of Contents
 
                 Subpart D--Bonds and Consents of Surety
 
Sec. 252.67  New or superseding bonds.

    New bonds shall be required in case of insolvency or removal of any 
surety, and may, at the discretion of the appropriate ATF officer, be 
required in any other contingency affecting the validity or impairing 
the efficiency of such bond. Executors, administrators, assignees, 
receivers, trustees, or other persons acting in a fiduciary capacity, 
continuing or liquidating the business of the principal, shall execute 
and file a new bond or obtain the consent of the surety or sureties on 
the existing bond or bonds. Where, under the provisions of Sec. 252.72, 
the surety on any bond given under this subpart has filed an application 
to be relieved of liability under said bond and the principal desires or 
intends to continue the business or operations to which such bond 
relates, he shall file a valid superseding bond to be effective on or 
before the date specified in the surety's notice. If the principal does 
not file a new or superseding bond when required, he shall discontinue 
the operations intended to be covered by such bond forthwith. New or 
superseding bonds shall show the current date of execution and the 
effective date.

(72 Stat. 1336, 1362; 26 U.S.C. 5062, 5214)

[25 FR 5734, June 23, 1960. Redesignated at 40 FR 16835, Apr. 15, 1975, 
and amended by T.D. ATF-62, 44 FR 71722, Dec. 11, 1979]

                          Termination of Bonds