§ 113.31 Same party as principal and surety; attorney in fact.

19 CFR 113.31

Part 113: Customs Bonds · 2025 edition

(a) Same party as principal and surety. The same person, partnership, or corporation cannot be both principal and surety on a bond. (b) Attorney in fact for principal or surety. In executing a bond, a person may act as: (1) Attorney in fact for both principal and surety; (2) Surety and attorney in fact for the principal; or (3) Principal and attorney in fact for the surety.

Source: eCFR (Title 19, 2025 Annual Edition). Regulatory text is a U.S. government work. Verify against the official eCFR before relying on it. Not legal advice.