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Internal Revenue Code (Title 26 U.S.C.)

26 U.S.C. § 5711

Bond

Official textgovinfo.govlast amended

# (a)

When required Every person, before commencing business as a manufacturer of tobacco products or cigarette papers and tubes, or as an export warehouse proprietor, shall file such bond, conditioned upon compliance with this chapter and regulations issued thereunder, in such form, amount, and manner as the Secretary shall by regulation prescribe. A new or additional bond may be required whenever the Secretary considers such action necessary for the protection of the revenue.

# (b)

Approval or disapproval No person shall engage in such business until he receives notice of approval of such bond. A bond may be disapproved, upon notice to the principal on the bond, if the Secretary determines that the bond is not adequate to protect the revenue.

# (c)

Cancellation Any bond filed hereunder may be canceled, upon notice to the principal on the bond, whenever the Secretary determines that the bond no longer adequately protects the revenue.

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Nearby sections (25 sections)
  1. 5689 · [§5689. Repealed. Pub. L. 94–455, title XIX, §1905(b)(2)(E)(i),…
  2. 5690 · Definition of the term "person"
  3. 5691 · [§5691. Repealed. Pub. L. 109–59, title XI, §11125(b)(19)(A),…
  4. 5692 · [§5692. Repealed. Pub. L. 90–618, title II, §206(a), Oct. 22,…
  5. 5701 · Rate of tax
  6. 5702 · Definitions
  7. 5703 · Liability for tax and method of payment
  8. 5704 · Exemption from tax
  9. 5705 · Credit, refund, or allowance of tax
  10. 5706 · Drawback of tax
  11. 5707 · [§5707. Repealed. Pub. L. 89–44, title V, §501(g), June 21,…
  12. 5708 · Losses caused by disaster
  13. 5711 · Bond
  14. 5712 · Application for permit
  15. 5713 · Permit
  16. 5721 · Inventories
  17. 5722 · Reports
  18. 5723 · Packages, marks, labels, and notices
  19. 5731 · Imposition and rate of tax
  20. 5732 · Payment of tax
  21. 5733 · Provisions relating to liability for occupational taxes
  22. 5734 · Application of State laws
  23. 5741 · Records to be maintained
  24. 5751 · Purchase, receipt, possession, or sale of tobacco products and…
  25. 5752 · Restrictions relating to marks, labels, notices, and packages
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