26 U.S.C. § 7101

Current through P.L. 118-64 (published on www.congress.gov on 05/24/2024), except for [P. L. 118-63]

Section 7101 - Form of bonds

Whenever, pursuant to the provisions of this title (other than section 7485), or rules or regulations prescribed under authority of this title, a person is required to furnish a bond or security-

(1) General rule

Such bond or security shall be in such form and with such surety or sureties as may be prescribed by regulations issued by the Secretary.

(2) United States bonds and notes in lieu of surety bonds

The person required to furnish such bond or security may, in lieu thereof, deposit bonds or notes of the United States as provided in section 9303 of title 31, United States Code.

26 U.S.C. § 7101

Aug. 16, 1954, ch. 736, 68A Stat. 847; Pub. L. 92-310, title II, §230(b), June 6, 1972, 86 Stat. 209; Pub. L. 94-455, title XIX, §1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 97-258, §3(f)(11), Sept. 13, 1982, 96 Stat. 1065.

EDITORIAL NOTES

AMENDMENTS1982-Par. (2). Pub. L. 97-258 substituted "section 9303 of title 31, United States Code" for "6 U.S.C. 15".1976-Par. (2). Pub. L. 94-455 struck out "or his delegate" after "Secretary". 1972-Pub. L. 92-310 struck out reference to section 6803(a)(1).

Secretary

The term "Secretary" means the Secretary of the Treasury or his delegate.

person

The term "person" shall be construed to mean and include an individual, a trust, estate, partnership, association, company or corporation.