§40.403. Deposit of securities in lieu of corporate surety.
27 C.F.R. § 40.403
In lieu of corporate surety, the manufacturer of cigarette papers and tubes may pledge and deposit, as security for the bond, securities which are transferable and are guaranteed as to both interest and principal by the United States, in accordance with the provisions of 31 CFR Part 225—Acceptance of Bonds Secured by Government Obligations in Lieu of Bonds with Sureties.
Notes, amendments, and revision history
Amendments
[T.D. ATF-384, 61 FR 54085, Oct. 17, 1996, as amended by T.D. TTB-196, 89 FR 87947, Nov. 6, 2024]
Source
Source: T.D. ATF-384, 61 FR 54085, Oct. 17, 1996, unless otherwise noted.
Authority
Authority: 26 U.S.C. 448, 5701, 5703-5705, 5711-5713, 5721-5723, 5731-5734, 5741, 5751, 5753, 5761-5763, 6061, 6065, 6109, 6151, 6301, 6302, 6311, 6313, 6402, 6404, 6423, 6676, 6806, 7011, 7212, 7325, 7342, 7502, 7503, 7606, 7805; 31 U.S.C. 9301, 9303, 9304, 9306.
Source
Source: 26 FR 8174, Aug. 31, 1961, unless otherwise noted. Redesignated at 40 FR 16835, Apr. 15, 1975; 54 FR 48839, Nov. 27, 1989, and further redesignated by T.D. ATF-460, 66 FR 39093, July 27, 2001.
Amendments
[T.D. ATF-384, 61 FR 54085, Oct. 17, 1996, as amended by T.D. TTB-196, 89 FR 87947, Nov. 6, 2024]