[Code of Federal Regulations]
[Title 27, Volume 2]
[Revised as of April 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR44.124]

[Page 114]
 
            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, 
 
           Subpart F_Bonds and Extensions of Coverage of Bonds
 
Sec. 44.124  Strengthening bond.

    Where the appropriate TTB officer determines that the amount of the 
bond, under which an export warehouse proprietor is currently carrying 
on business, no longer adequately protects the revenue, and such bond is 
in an amount of less than $200,000, the appropriate TTB officer may 
require the proprietor to file a strengthening bond in an appropriate 
amount with the same surety as that on the bond already in effect, in 
lieu of a superseding bond to cover the full liability on the basis of 
Sec. 44.123. The appropriate TTB officer shall refuse to approve any 
strengthening bond where any notation is made thereon which is intended 
or which may be construed as a release of any former bond, or as 
limiting the amount of either bond to less than its full amount.

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

[25 FR 4718, May 28, 1960. Redesignated at 40 FR 16835, Apr. 15, 1975, 
as amended by T.D. ATF-480, 67 FR 30802, May 8, 2002.