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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 27 - Alcohol, Tobacco Products and Firearms |
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Chapter I - Alcohol and Tobacco Tax and Trade Bureau, Department of the Treasury |
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SubChapter A - Alcohol |
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Part 28 - Exportation of Alcohol |
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Subpart D - Bonds and Consents of Surety |
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Termination of Bonds |
§ 28.74 - Release of pledged securities or cash (including cash equivalents).
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§ 28.74 Release of pledged securities or cash (including cash equivalents).
Securities of the United States, pledged and deposited as provided in § 28.53, shall will be released only in accordance with the provisions of 31 CFR part 225. Such securities Securities and cash (including cash equivalents) will not be released by the appropriate TTB officer until liability under the bond for which they were pledged has been terminated. When the appropriate TTB officer is satisfied that they may be released, he shall will fix the date or dates on which a part or all of such securities and cash (including cash equivalents) may be released. At any time prior to the release of such securities, the appropriate TTB officer may extend the date of release for such additional length of time as he deems necessary.
[25 FR 5734, June 23, 1960. Redesignated at 40 FR 16835, Apr. 15, 1975 and amended by T.D. TTB-8TTB–146, 69 82 FR 38321136, Jan. 274, 20042017]