[Code of Federal Regulations]

[Title 33, Volume 1]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 33CFR49.05-5]



[Page 119]

 

                TITLE 33--NAVIGATION AND NAVIGABLE WATERS

 

         CHAPTER I--COAST GUARD, DEPARTMENT OF HOMELAND SECURITY

 

PART 49_PAYMENT OF AMOUNTS DUE MENTALLY INCOMPETENT COAST GUARD PERSONNEL

--Table of Contents

 

                          Subpart 49.05_Trustee

 

Sec. 49.05-5  Bonding of trustee.



    The trustee or trustees appointed to receive moneys in behalf of 

incompetent personnel shall furnish a bond in all cases when the amounts 

to be received may be expected to exceed $1,000, and in such other cases 

when deemed appropriate by the Commandant. The bond so required and 

furnished shall have as surety a company approved by the Federal 

Government, and shall be in such amount as is required by the 

Commandant. Such bonds shall be continued in effect for the life of 

trusteeship and expenses in connection with the furnishing and renewal 

of such bonds may be paid out of sums due the incompetent.