[Code of Federal Regulations]

[Title 27, Volume 1]

[Revised as of April 1, 2006]

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

[CITE: 27CFR28]



[Page 792]

 

            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS

 

 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 

                                TREASURY

 

PART 28_EXPORTATION OF ALCOHOL--Table of Contents

 

                 Subpart D_Bonds and Consents of Surety

 

Sec.  28.66  Strengthening bonds.



    In all cases where the penal sum of any bond becomes insufficient, 

the principal shall either give a strengthening bond with the same 

surety to attain a sufficient penal sum, or give a new bond to cover the 

entire liability. Strengthening bonds will not be approved where any 

notation is made thereon which is intended, or which may be construed, 

as a release of any former bond, or as limiting the amount of any bond 

to less than its full penal sum. Strengthening bonds shall show the 

current date of execution and the effective date.



(72 Stat. 1352, 1394; 26 U.S.C. 5175, 5551)