§25.104. Termination of bonds.
27 C.F.R. § 25.104
General. Brewer's bonds may be terminated as to liability for future removals or receipts under the following circumstances:
Pursuant to application of the surety as provided in § 25.103;
On approval of a superseding bond as provided in § 25.95;
When a brewer discontinues business as provided in § 25.85; or
When an existing brewer who becomes exempt from bond requirements terminates the bond as provided in § 25.106.
Notification. On termination of the surety's liability under a bond, the appropriate TTB officer will notify the principal and sureties.
Notes, amendments, and revision history
Amendments
[T.D. TTB-146, 82 FR 1128, Jan. 4, 2017]
Authority
Authority: 19 U.S.C. 81c; 26 U.S.C. 5002, 5051-5054, 5056, 5061, 5121, 5122-5124, 5222, 5401-5403, 5411-5417, 5551, 5552, 5555, 5556, 5671, 5673, 5684, 6011, 6061, 6065, 6091, 6109, 6151, 6301, 6302, 6311, 6313, 6402, 6651, 6656, 6676, 6806, 7342, 7606, 7805; 31 U.S.C. 9301, 9303-9308.
Source
Source: T.D. ATF-224, 51 FR 7673, Mar. 5, 1986, unless otherwise noted.
Amendments
[T.D. TTB-146, 82 FR 1128, Jan. 4, 2017]