§ 403.27. Type and conditions of cost bond.
78 words·~1 min read·
/us/cfr/t26/s§ 403.27·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The cost bond filed by a claimant pursuant to § 403.26(a)(4) shall be a corporate surety bond. However, upon a showing to the satisfaction of the Commissioner or his delegate that such claimant is unable to furnish a corporate surety bond, such claimant may file a cost bond with individual sureties acceptable to the Commissioner or his delegate or, in lieu of such cost bond with corporate or individual sureties, he may deposit collateral pursuant to § 403.29.