[Code of Federal Regulations]
[Title 27, Volume 2]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR72.23]

[Page 378]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                                TREASURY
 
PART 72_DISPOSITION OF SEIZED PERSONAL PROPERTY--Table of Contents
 
                   Subpart C_Seizures and Forfeitures
 
Sec.  72.23  Type and conditions of cost bond.

    The cost bond delivered by a claimant to effect removal of the 
forfeiture status of the property or carrier claimed to the jurisdiction 
of the Federal court for adjudication shall be a corporate surety bond: 
Provided, however, That upon a showing to the satisfaction of the 
Director or his delegate that the claimant is unable to furnish a 
corporate surety bond such claimant may deliver a cost bond with 
individual sureties acceptable to the Director or his delegate: Provided 
further, That in lieu of a cost bond with corporate or individual 
sureties the claimant may deposit collateral as provided in Sec.  72.25. 
The cost bond shall be conditioned that in the case of the condemnation 
of the property the obligators shall pay all costs and expenses of the 
proceedings to obtain such condemnation.

[T.D. ATF-9, 39 FR 9954, Mar. 15, 1974, as amended by T.D. ATF-183, 49 
FR 37061, Sept. 21, 1984]