§ 25.104. Termination of bonds.
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/us/cfr/t27/s§ 25.104·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)General. Brewer's bonds may be terminated as to liability for future removals or receipts under the following circumstances:
(1)Pursuant to application of the surety as provided in § 25.103;
(2)On approval of a superseding bond as provided in § 25.95;
(3)When a brewer discontinues business as provided in § 25.85; or
(4)When an existing brewer who becomes exempt from bond requirements terminates the bond as provided in § 25.106.
(b)Notification. On termination of the surety's liability under a bond, the appropriate TTB officer will notify the principal and sureties. (31 U.S.C. 9301, 9303) \[T.D. TTB-146, 82 FR 1128, Jan. 4, 2017\]
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§ 25.104
Termination of bonds.
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