[Code of Federal Regulations]

[Title 19, Volume 1]

[Revised as of April 1, 2005]

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

[CITE: 19CFR113.31]



[Page 543]

 

                        TITLE 19--CUSTOMS DUTIES

 

   CHAPTER I--BUREAU OF CUSTOMS AND BORDER PROTECTION, DEPARTMENT OF 

              HOMELAND SECURITY; DEPARTMENT OF THE TREASURY

 

PART 113_CUSTOMS BONDS--Table of Contents

 

                    Subpart D_Principals and Sureties

 

Sec.  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.