[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR44.125]

[Page 875]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                                TREASURY
 
PART 44_EXPORTATION OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES, 
WITHOUT PAYMENT OF TAX, OR WITH DRAWBACK OF TAX--Table of Contents
 
           Subpart F_Bonds and Extensions of Coverage of Bonds
 
Sec. 44.125  Superseding bond.

    An export warehouse proprietor shall file a new bond to supersede 
his current bond, immediately when (a) the corporate surety on the 
current bond becomes insolvent, (b) the appropriate ATF officer approves 
a request from the surety on the current bond to terminate his liability 
under the bond, (c) payment of any liability under a bond is made by the 
surety thereon, or (d) the appropriate ATF officer considers such a 
superseding bond necessary for the protection of the revenue.

(72 Stat. 1421; 26 U.S.C. 5711)