§ 25.94. Strengthening bonds.

129 words·~1 min read·/us/cfr/t27/s§ 25.94·

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(a)Requirement. When the penal sum of the brewer's bond (calculated as provided in § 25.93) in effect is not sufficient, the principal may prepay the tax on beer as provided in subpart K of this part, or give a strengthening bond in sufficient penal sum if the surety is the same as on the bond in effect. If the surety is not the same, a new bond covering the entire liability is required.

(b)Restrictions. A strengthening bond may not in any way release a former bond or limit a bond to less than the full penal sum.

(c)Date of execution. Strengthening bonds will show the current date of execution and their effective date. (Sec. 201, Pub. L. 85-859, 72 Stat. 1388, as amended (26 U.S.C. 5401))

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