19 C.F.R. § 113.36 Partner acting as surety on behalf of a partner or on behalf of a partnership.
Title 19 - Customs Duties
A member of a partnership shall not be accepted as an individual surety on a bond executed by the partnership as principal. A partner may be an individual surety for a fellow partner on a bond if (a) the transaction is in an individual capacity and unrelated to the partnership, (b) sufficient unencumbered nonpartnership property is available as security, and (c) the individual qualifies as an individual surety under the provisions of §113.35 of this part.
Title 19: Customs Duties
PART 113—CUSTOMS BONDS
Subpart D—Principals and Sureties
§ 113.36 Partner acting as surety on behalf of a partner or on behalf of a partnership.
