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31 U.S.C. § 9307 — Civil actions and judgments against surety corporations

submitted 44 years ago by Pub. L. 97-258 to r/title-31-MONEY-AND-FINANCE · 158 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section addresses Civil actions and judgments against surety corporations. It sets out the duties, permissions, requirements, or definitions stated in the section.

(a)

(1) A surety corporation providing a surety bond under section 9304 may be sued in a court of the United States having jurisdiction of civil actions on surety bonds in—

(A) the judicial district in which the surety bond was provided; or

(B) the district in which the principal office of the corporation is located.

(2) Under sections 9304–9308 of this title, a surety bond is considered to be provided in the district—

(A) in which the principal office of the surety corporation is located;

(B) to which the surety bond is returnable;

(C) in which the surety bond is filed; and

(D) in which the person required to provide a surety bond resided when the bond was provided.

(b) In a proceeding against a surety corporation providing a surety bond under section 9304 , the corporation cannot deny its power to provide a surety bond or to assume liability.

the actual law source: uscode.house.gov ↗public domain
(a)
(1)

A surety corporation providing a surety bond under section 9304 of this title may be sued in a court of the United States having jurisdiction of civil actions on surety bonds in—

(A)

the judicial district in which the surety bond was provided; or

(B)

the district in which the principal office of the corporation is located.

(2)

Under sections 9304–9308 of this title, a surety bond is deemed to be provided in the district—

(A)

in which the principal office of the surety corporation is located;

(B)

to which the surety bond is returnable;

(C)

in which the surety bond is filed; and

(D)

in which the person required to provide a surety bond resided when the bond was provided.

(b)

In a proceeding against a surety corporation providing a surety bond under section 9304 of this title, the corporation may not deny its power to provide a surety bond or to assume liability.

Source credit: (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1049.)

history & why it existsrecord from the source credit
  • 1982Enacted · Pub. L. 97-258 · 96 Stat. 1049

A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-258 on 1982-09-13.

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