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Code · CFR · Title 31 — Money and Finance: Treasury · Part 340 · § 340.11

§ 340.11. Failure to complete transaction.

41 words·~1 min read·/us/cfr/t31/s§ 340.11·

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If any successful bidder shall fail to pay in full for the bonds on the date and at the place specified in the invitation, the money deposited by or in behalf of such bidder shall be forfeited to the Treasury Department.
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