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Current as of October 02, 2022 | Updated by FindLaw Staff
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 effective date of a superseding bond;
(b) The date of approval of the discontinuance of business of the brewer;
(c) Following the giving of notice by the surety; 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.
(Authority: Sec. 201, Pub.L. 85–859, 72 Stat. 1388, as amended (26 U.S.C. 5401))
Cite this article: FindLaw.com - Code of Federal Regulations Title 27. Alcohol, Tobacco Products and Firearms § 27.25.102 Termination of surety's liability - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-27-alcohol-tobacco-products-and-firearms/cfr-sect-27-25-102/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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