[Code of Federal Regulations]
[Title 9, Volume 2]
[Revised as of January 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 9CFR201.34]

[Page 12]
 
                  TITLE 9--ANIMALS AND ANIMAL PRODUCTS
 
  CHAPTER II--GRAIN INSPECTION, PACKERS AND STOCKYARDS ADMINISTRATION 
       (PACKERS AND STOCKYARDS PROGRAMS),DEPARTMENT OF AGRICULTURE
 
PART 201_REGULATIONS UNDER THE PACKERS AND STOCKYARDS ACT--Table of Contents
 
Sec. 201.34  Termination of market agency, dealer and packer bonds.

    (a) Each bond shall contain a provision requiring that, prior to 
terminating such bond, at least 30 days notice in writing shall be given 
to the Administrator, Grain Inspection, Packers and Stockyards 
Administration (Packers and Stockyards Programs), U.S. Department of 
Agriculture, Washington, DC 20250, by the party terminating the bond. 
Such provision may state that in the event the surety named therein 
writes a replacement bond for the same principal, the 30-day notice 
requirement may be waived and the bond will be terminated as of the 
effective date of the replacement bond.
    (b) Each bond filed by a market agency who clears other registrants 
who are named in the bond shall contain a provision requiring that, 
prior to terminating the bond coverage of any clearee named therein, at 
least 30 days notice in writing shall be given to the Administrator, 
Grain Inspection, Packers and Stockyards Administration (Packers and 
Stockyards Programs), U.S. Department of Agriculture, Washington, DC 
20250, by the surety. Such written notice shall be in the form of a 
rider or endorsement to be attached to the bond of the clearing agency.
    (c) Each trust fund agreement and trust agreement shall contain a 
provision requiring that, prior to terminating such agreement, at least 
30 days notice in writing shall be given to the Administrator, Grain 
Inspection, Packers and Stockyards Administration, U.S. Department of 
Agriculture, Washington, DC 20250, by the party terminating the 
agreement. Such provision shall state that in the event the principal 
named therein files an acceptable bond or bond equivalent to replace the 
agreement, the 30-day notice requirement may be waived and the agreement 
will be terminated as of the effective date of the replacement bond or 
bond equivalent.

(Approved by the Office of Management and Budget under control number 
0580-0015)

[47 FR 32695, July 29, 1982, as amended at 54 FR 26349, June 23, 1989; 
61 FR 36279, July 10, 1996; 68 FR 75388, Dec. 31, 2003]

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