27 C.F.R. § 40.406 Superseding bond.
Title 27 - Alcohol, Tobacco Products and Firearms
A manufacturer of cigarette papers and tubes shall file a new bond to supersede the current bond immediately when: (a) The corporate surety on the current bond becomes insolvent, (b) The appropriate TTB officer approves a request from the surety of the current bond to terminate liability under the bond, (c) Payment of any liability under a bond is made by the surety thereon, or (d) The appropriate TTB officer considers such a superseding bond necessary for the protection of the revenue. (72 Stat. 1421; 26 U.S.C. 5711)
Title 27: Alcohol, Tobacco and Firearms
PART 40—MANUFACTURE OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES
Subpart K—Manufacture of Cigarette Papers and Tubes
Qualification Requirements for Manufacturers
§ 40.406 Superseding bond.
