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31 U.S.C. § 9307 - U.S. Code - Unannotated Title 31. Money and Finance § 9307. Civil actions and judgments against surety corporations

Current as of January 01, 2024 | Updated by Findlaw Staff

(a)(1) A surety corporation providing a surety bond under section 9304 of this title may be sued in a court of the United States having jurisdiction of civil actions on surety bonds in--

(A) the judicial district in which the surety bond was provided; or

(B) the district in which the principal office of the corporation is located.

(2) Under sections 9304-9308 of this title, a surety bond is deemed to be provided in the district--

(A) in which the principal office of the surety corporation is located;

(B) to which the surety bond is returnable;

(C) in which the surety bond is filed; and

(D) in which the person required to provide a surety bond resided when the bond was provided.

(b) In a proceeding against a surety corporation providing a surety bond under section 9304 of this title, the corporation may not deny its power to provide a surety bond or to assume liability.

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Cite this article: FindLaw.com - 31 U.S.C. § 9307 - U.S. Code - Unannotated Title 31. Money and Finance § 9307. Civil actions and judgments against surety corporations - last updated January 01, 2024 | https://codes.findlaw.com/us/title-31-money-and-finance/31-usc-sect-9307/

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