[Code of Federal Regulations]

[Title 19, Volume 1]

[Revised as of April 1, 2005]

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

[CITE: 19CFR113.24]



[Page 541-542]

 

                        TITLE 19--CUSTOMS DUTIES

 

   CHAPTER I--BUREAU OF CUSTOMS AND BORDER PROTECTION, DEPARTMENT OF 

              HOMELAND SECURITY; DEPARTMENT OF THE TREASURY

 

PART 113_CUSTOMS BONDS--Table of Contents

 

                       Subpart C_Bond Requirements

 

Sec.  113.24  Riders.



    (a) Types of riders. The port director may accept the following 

types of bond riders.

    (1) Name change of principal. A bond rider to change the name of a 

principal on a bond may be used only when the change in name does not 

change the legal identity or status of the principal. If a new 

corporation is created as a result of a merger, reorganization or 

similar action, a bond rider for a name change of the principal can not 

be used. A new bond would be required.

    (2) Address change. A bond rider may be used to change the address 

of a principal on a bond.

    (3) Addition and deletion of trade names and unincorporated 

divisions of a corporate principal. A bond rider may be used to add to 

or delete from a bond trade names and the names of unincorporated 

divisions of a corporate principal which do not have a separate and 

distinct legal status.

    (b) Where filed. A rider must be filed at the port where the bond 

was approved.

    (c) Attachment of rider to bond. All riders expressly authorized by 

the Commissioner shall be securely attached to the related bond to 

prevent their loss or misplacement.

    (d) Format of rider. The riders shall be signed, sealed, witnessed, 

executed, include a certificate as to corporate principal, if 

applicable, and otherwise comply with the requirements of this part. The 

riders shall contain the following conditions:

    (1) Name change of principal.



    By this rider to the Customs Form 301,---- (bond number), dated ----

, executed by ----, (former name), as principal, ----, (importer 

number), the, ---- (new name), hereby certifies that it is the same 

entity formerly known as ----, (former name), and the principal and 

surety agree that they are responsible for any act secured by this bond 

done under principal's former name. Principal and surety agree to be 

bound under this bond to the same extent as if this bond had been 

executed in the principal's new name. This rider is effective on ---- 

(date).





[[Page 542]]





    (2) Address change.



    By this rider to Customs Form 301, ---- (bond number) executed on --

-- (date), by ----, (principal's name), as principal, ----, (importer 

number), and ---- (surety's name and code), as surety, which is 

effective on ---- (date), the principal, surety or both, intend that the 

bond be amended to show ---- (new address) as their address. The 

principal, surety or both, as may be appropriate agree to be bound as 

though this bond has been executed with the new address(s) shown.



    (3) Addition or deletion of trade names and unincorporated divisions 

of a corporate principal--(i) Addition rider.



    By this rider to the Customs Form 301, ----, (bond number), executed 

on ----, (date), by ----, (principal's name), as principal, ----, 

(importer number) and ----, (surety's name and code), as surety, which 

is effective on ---- (date), the principal and surety agree that the 

below listed names are unincorporated units of the principal or are 

trade or business names used by the principal in its business and that 

this bond covers its business and that this bond covers any act done in 

those names to the same extent as though done in the name of the 

principal. The principal and surety agree that any such act shall be 

considered to be the act of the principal.



    (ii) Deletion rider.



    By this rider to the Customs Form 301, ----, (bond number), executed 

on ----, (date), by ----, (principals name) as principal, ----, 

(importer number and ----, (surety's name and surety code), as surety, 

which is effective on ----, (date), the principal and surety agree that 

the below listed names of unincorporated units of the principal or trade 

or business names used by the principal in its business are deleted from 

the bond effective upon the date of approval of the rider by the 

appropriate Customs bond approval official.