Code of Federal Regulations Title 27. Alcohol, Tobacco Products and Firearms § 27.41.120 Deposit of securities in lieu of corporate surety

In lieu of corporate surety, the manufacturer of tobacco products in Puerto Rico may pledge and deposit, as security for his bond, securities which are transferrable and are guaranteed both as to interest and as to principal by the United States, in accordance with the provisions of 31 CFR part 225.

(Authority:  61 Stat. 650;  6 U.S.C. 15)