1. Regulations
  2. title 19
  3. chapter I
  4. part 113
  5. subpart D
  6. § 113.31

View all text of Subpart D [§ 113.30 - § 113.40]

§ 113.31 - Same party as principal and surety; attorney in fact.

(a) Same party as principal and surety. The same person, partnership, or corporation cannot be both principal and surety on a bond.

(b) Attorney in fact for principal or surety. In executing a bond, a person may act as:

(1) Attorney in fact for both principal and surety;

(2) Surety and attorney in fact for the principal; or

(3) Principal and attorney in fact for the surety.

AUTHORITY: 19 U.S.C. 66, 1623, 1624.

SOURCE: T.D. 84-213, 49 FR 41171, Oct. 19, 1984, unless otherwise noted.

CITE AS: 19 CFR 113.31