31 CFR 224.4 - When must a surety corporation appoint a process agent?

Regulations last checked for updates: Nov 22, 2024

Title 31 - Money and Finance: Treasury last revised: Nov 18, 2024

View all text of Part 224 [§ 224.1 - § 224.8]

§ 224.4 - When must a surety corporation appoint a process agent?

A surety corporation must appoint a process agent when either the State where the bond is filed or the State where the principal resides is different from the State where the surety corporation is incorporated. In such a case, the surety corporation must appoint a process agent in each such State that is different from the State where the surety is incorporated.

authority: 31 U.S.C. 9306 and 9307

source: 71 FR 60848, Oct. 7, 2006, unless otherwise noted.

cite as: 31 CFR 224.4