§ 40.140. Release of pledged securities.

125 words·~1 min read·/us/cfr/t27/s§ 40.140·

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Securities of the United States pledged and deposited as provided in § 40.132 shall be released only in accordance with the provisions of 31 CFR part 225. Such securities will not be released by the appropriate TTB officer until liability under the bond for which they were pledged has been terminated. When the appropriate TTB officer is satisfied that they may be released, he shall fix the date or dates on which a part or all of such securities may be released. At any time prior to the release of such securities, the appropriate TTB officer may extend the date of release for such additional length of time as he deems necessary.

(61 Stat. 650, 72 Stat. 1421; 31 U.S.C. 9301, 9303, 26 U.S.C. 5711)

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31 CFR 225
61 Stat. 650
72 Stat. 1421

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cites case law

§ 40.140

Release of pledged securities.

U.S.C.§ 9301

U.S.C.§ 5711

Cite31 CFR 225

Stat.61 Stat. 650

Stat.72 Stat. 1421

Cites 5Cited by 0 across 0 sources