§ 25.102 - Termination of surety's liability.

§ 25.102 Termination of surety's liability.

The liability of a surety on a bond required by this part will be terminated only as to liability arising on or after:

(a)

the

The effective date of a superseding bond;

(b)

the

The date of approval of the discontinuance of business of the brewer;

or

(c)

following

Following the giving of notice by the surety

as provided in § 25.103

; or

(d) In the case of a brewer who applies to terminate a surety bond under § 25.106, the date that TTB approves the brewer's application under that section.

(Sec. 201, Pub. L. 85-85985–859, 72 Stat. 1388, as amended (26 U.S.C. 5401))

[T.D. TTB–146, 82 FR 1128, Jan. 4, 2017]