US Codex
U.S.C.
Notes

§9306. Surety corporations acting outside area of incorporation and place of principal office — Inbound Citations

31 U.S.C. § 9306

Cited by 4 provisions in release 119-102.

Citations to 31 U.S.C. § 9306 as a whole

  • (3) complying with sections 9305 and 9306 of this title.
  • (1) shall revoke the authority of a surety corporation to do new business if the Secretary decides the corporation is insolvent or is in violation of this section or section 9304 or 9306 of this title;
  • A surety corporation is liable to the United States Government for a civil penalty of at least $500 but not more than $5,000 for violating section 9304, 9305, or 9306 of this title. A civil action under this section may be brought in a judicial district in which a civil action may be brought against the corporation under section 9307 of this title. A penalty imposed under this section does not affect the validity of a contract made by the surety corporation.
  • If another applicable Federal law or regulation permits the acceptance of a bond from a surety that is not subject to sections 9305 and 9306 and is based on a pledge of assets by the surety, the assets pledged by such surety shall—