[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: 19CFR113.36]



[Page 545]

 

                        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 D_Principals and Sureties

 

Sec.  113.36  Partner acting as surety on behalf of a partner or on 

behalf of a partnership.



    A member of a partnership shall not be accepted as an individual 

surety on a bond executed by the partnership as principal. A partner may 

be an individual surety for a fellow partner on a bond if (a) the 

transaction is in an individual capacity and unrelated to the 

partnership, (b) sufficient unencumbered nonpartnership property is 

available as security, and (c) the individual qualifies as an individual 

surety under the provisions of Sec.  113.35 of this part.