31 USC 9307 - Civil actions and judgments against surety corporations

U.S Code last checked for updates: Nov 22, 2024

§ 9307.

Civil actions and judgments against surety corporations

(a)

(1)

A surety corporation providing a surety bond under section 9304 of this title may be sued in a court of the United States having jurisdiction of civil actions on surety bonds in—

(A)

the judicial district in which the surety bond was provided; or

(B)

the district in which the principal office of the corporation is located.

(2)

Under sections 9304–9308 of this title, a surety bond is deemed to be provided in the district—

(A)

in which the principal office of the surety corporation is located;

(B)

to which the surety bond is returnable;

(C)

in which the surety bond is filed; and

(D)

in which the person required to provide a surety bond resided when the bond was provided.

(b)

In a proceeding against a surety corporation providing a surety bond under section 9304 of this title, the corporation may not deny its power to provide a surety bond or to assume liability.

(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1049.)

cite as: 31 USC 9307