27 CFR 40.406

§ 40.406 Superseding bond.

United States · 27 CFR — Alcohol, Tobacco Products and Firearms · Status: effective

Cite this

Citation: 27 CFR 40.406, § 40.406 Superseding bond, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/118002
Permanent ID: ys:prov:118002@1
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Full text

A manufacturer of cigarette papers and tubes shall file a new bond to supersede the current bond immediately when: (a) The corporate surety on the current bond becomes insolvent, (b) The appropriate TTB officer approves a request from the surety of the current bond to terminate liability under the bond, (c) Payment of any liability under a bond is made by the surety thereon, or (d) The appropriate TTB officer considers such a superseding bond necessary for the protection of the revenue.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.