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26 U.S.C. § 6803 — Accounting and safeguarding

submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 101 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Secretary may require a bond from a designated depositary handling stamps. The Secretary may also issue rules to keep those stamps safe and prevent illegal use.

(a) Bond. For a case covered by section 6802(2), the Secretary may require a bond with enough sureties, in an amount the Secretary sets. The bond must require the depositary to return, whenever required, all supplies or amounts not disposed of and to make monthly payment for everything sold or no longer on hand. (b) Regulations. The Secretary may issue regulations from time to time that the Secretary considers necessary to safeguard the adhesive stamps covered by section 6802(2) and prevent their illegal use.
the actual law source: uscode.house.gov ↗public domain
(a) Bond

In cases coming within the provisions of paragraph (2) of section 6802, the Secretary may require a bond, with sufficient sureties, in a sum to be fixed by the Secretary, conditioned for the faithful return, whenever so required, of all quantities or amounts undisposed of and for the payment monthly for all quantities or amounts sold or not remaining on hand.

(b) Regulations

The Secretary may from time to time make such regulations as he may find necessary to insure the safekeeping or prevent the illegal use of all adhesive stamps referred to in paragraph (2) of section 6802.

Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 830; Pub. L. 92–310, title II, § 230(a), June 6, 1972, 86 Stat. 209; Pub. L. 94–455, title XIX, § 1906(a)(37), (b)(13)(A), Oct. 4, 1976, 90 Stat. 1829, 1834.)

history & why it existsrecord from the source credit
  • 1954Enacted · Act of Aug. 16, 1954, ch. 736
  • 1972Amended · Pub. L. 92-310 · 86 Stat. 209
  • 1976Amended · Pub. L. 94-455 · 90 Stat. 1829, 1834

A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.

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