27 CFR 41.120

§ 41.120 Deposit of securities in lieu of corporate surety.

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

Cite this

Citation: 27 CFR 41.120, § 41.120 Deposit of securities in lieu of corporate surety, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/118125
Permanent ID: ys:prov:118125@1
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Full text

In lieu of corporate surety, the manufacturer of tobacco products in Puerto Rico may pledge and deposit, as security for his bond, securities which are transferrable and are guaranteed both as to interest and as to principal by the United States, in accordance with the provisions of 31 CFR part 225.

Legislative history

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