19 CFR 113.31 - Same party as principal and surety; attorney in fact.

Regulations last checked for updates: Nov 23, 2024

Title 19 - Customs Duties last revised: Sep 10, 2024

§ 113.31 - Same party as principal and surety; attorney in fact.

(a) Same party as principal and surety. The same person, partnership, or corporation cannot be both principal and surety on a bond.

(b) Attorney in fact for principal or surety. In executing a bond, a person may act as:

(1) Attorney in fact for both principal and surety;

(2) Surety and attorney in fact for the principal; or

(3) Principal and attorney in fact for the surety.

authority: 19 U.S.C. 66,1623,1624

source: T.D. 84-213, 49 FR 41171, Oct. 19, 1984, unless otherwise noted.

cite as: 19 CFR 113.31