§113.36. Partner acting as surety on behalf of a partner or on behalf of a partnership.
19 C.F.R. § 113.36
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.
Notes, amendments, and revision history
Amendments
[T.D. 84-213, 49 FR 41171, Oct. 19, 1984, as amended by CBP Dec. 15-15, 80 FR 70165, Nov. 13, 2015]
Authority
Authority: 19 U.S.C. 66, 1623, 1624. Subpart E also issued under 19 U.S.C. 1484, 1551, 1565. Section 113.74 also issued under 19 U.S.C. 1337. Section 113.75 and appendix C also issued under 19 U.S.C. 1484b.
Source
Source: T.D. 84-213, 49 FR 41171, Oct. 19, 1984, unless otherwise noted.
Amendments
[T.D. 84-213, 49 FR 41171, Oct. 19, 1984, as amended by CBP Dec. 15-15, 80 FR 70165, Nov. 13, 2015]