Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 27 - Alcohol, Tobacco Products and Firearms |
Chapter I - Alcohol and Tobacco Tax and Trade Bureau, Department of the Treasury |
SubChapter A - Alcohol |
Part 24 - Wine |
Subpart D - Establishment and Operations |
Bonds and Consents of Surety |
§ 24.151 - Deposit of collateral security.
Latest version.
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§ 24.151 Deposit of collateral security.
(a)Bonds or notes of the United States, or other obligations which are unconditionally guaranteed as to both interest and principal by the United States, may be pledged and deposited as collateral security in lieu of corporate sureties in accordance with the provisions of the Treasury Department
Circular No. 154 (regulations in 31 CFR part 225, Acceptance of Bonds
, Notes or Other Obligations Issued or Guaranteed by the United States as SecuritySecured by Government Obligations in Lieu of
Surety or Sureties on Penal Bonds)Bonds with Sureties. Cash, postal money orders, certified checks, cashiers' checks, or treasurers' checks may also be furnished as collateral security in lieu of corporate sureties.
b) Treasury Department Circular No. 154 is periodically revised and contains the provisions of 31 CFR part 225 and the forms prescribed in 31 CFR part 225. Copies of the circular may be obtained from the Surety Bond Branch, Financial Management Service, Department of the Treasury, Washington, DC 20226.[T.D. TTB–146, 82 FR 1124, Jan. 4, 2017]