19 CFR 113.36
§ 113.36 Partner acting as surety on behalf of a partner or on behalf of a partnership.
United States · 19 CFR — Customs Duties · Status: effective
Cite this
- Citation
- 19 CFR 113.36, § 113.36 Partner acting as surety on behalf of a partner or on behalf of a partnership, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/73906
- Permanent ID
ys:prov:73906@1- SHA-256
0c2a2e1d5f1b17e3d558cdbd4b16ff8c0961fd2d297052a4b0dcf4096089fa35
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Full text
A member of a partnership will not be accepted as an individual surety on a bond executed by the partnership as principal. A partner may be an individual surety for a fellow partner on a bond if (a) the transaction is in an individual capacity and unrelated to the partnership, (b) sufficient unencumbered nonpartnership property is available as security, and (c) the individual qualifies as an individual surety under the provisions of § 113.35 of this part.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.