31 U.S.C. § 9310 — Individual sureties

FEDERAL · 31 U.S.C. · Chapter 93

Individual sureties

Current through Pub. L. 119-102

Title 31 — Money and Finance·Ch. 93 — SURETIES AND SURETY BONDS

If another applicable Federal law or regulation permits the acceptance of a bond from a surety that is not subject to sections 9305 and 9306 and is based on a pledge of assets by the surety, the assets pledged by such surety shall—

(1)consist of eligible obligations described under section 9303(a); and

(2)be submitted to the official of the Government required to approve or accept the bond, who shall deposit the obligations as described under section 9303(b).

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If another applicable Federal law or regulation permits the acceptance of a bond from a surety that is not subject to sections 9305 and 9306 and is based on a pledge of assets by the surety, the assets pledged by such surety shall—
(1) consist of eligible obligations described under section 9303(a); and
(2) be submitted to the official of the Government required to approve or accept the bond, who shall deposit the obligations as described under section 9303(b).

31 U.S.C. § 9310 (Individual sureties) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(Added Pub. L. 114–92, div. A, title VIII, §874(a)(1), Nov. 25, 2015, 129 Stat. 940.)

Editorial Notes

Statutory Notes and Related Subsidiaries

Effective Date
Section effective 1 year after Nov. 25, 2015, see section 874(c) of Pub. L. 114–92, set out as an Effective Date of 2015 Amendment note under section 694b of Title 15, Commerce and Trade.