27 C.F.R. § 24.156
Current through September 30, 2024
A bond prescribed in § 24.146 may be terminated as to future liability pursuant to application by the surety as provided in § 24.157; pursuant to approval of a superseding bond; upon receipt of notification from the principal that the business has been discontinued and all wine and spirits have been removed from the bonded wine premises as provided in § 24.140(b) ; or in the case of a tax deferral bond, the termination will be issued upon receipt of written notification from the principal that removals of wine requiring a tax deferral bond have been discontinued.
27 C.F.R. §24.156
Sec. 201, Pub. L. 85-859, 72 Stat. 1379, as amended ( 26 U.S.C. 5354 )
Approved by the Office of Management and Budget under control number 1512-0058