Source: https://www.law.cornell.edu/cfr/text/21/1316.98
Timestamp: 2015-08-27 21:31:10
Document Index: 273563212

Matched Legal Cases: ['art 1316', '§ 1316', 'art 1316', '§ 811', '§ 812', '§ 822', '§ 830', '§ 871', '§ 871', '§ 872', '§ 875', '§ 880', '§ 881', '§ 845', '§ 883', '§ 958', '§ 965']

21 CFR 1316.98 - Substitute res bond in a judicial forfeiture action against a conveyance. | US Law | LII / Legal Information Institute
CFR › Title 21 › Chapter II › Part 1316 › Subpart F › Section 1316.98 21 CFR 1316.98 - Substitute res bond in a judicial forfeiture action against a conveyance.
§ 1316.98
Substitute res bond in a judicial forfeiture action against a conveyance.
Where a conveyance is being forfeited in a judicial proceeding for a drug-related offense, the owner may obtain release of the property by filing a substitute res bond with the seizing agency. The conveyance will be released to the owner upon the payment of a bond in the amount of the appraised value of the conveyance if it is not evidence of a violation of law or has design or other characteristics that particularly suit it for use in illegal activities. This bond must be in the form of a traveler's check, a money order, a cashier's check or an irrevocable letter of credit made payable to the Department of Justice or to the United States Customs Service depending on which agency seized the conveyance. A bond in the form of a cashier's check will be considered as paid once the check has been accepted for payment by the financial institution which issued the check.
If a substitute res bond is filed and the conveyance is judicially forfeited, the court will forfeit the bond in lieu of the property.
Title 21 published on 2014-04-01.No entries appear in the Federal Register after this date, for 21 CFR Part 1316.
U.S. Code: Title 21 - FOOD AND DRUGS§ 811 - Authority and criteria for classification of substances§ 812 - Schedules of controlled substances§ 822 - Persons required to register§ 830 - Regulation of listed chemicals and certain machines§ 871 - Attorney General§ 871a - Semiannual reports to Congress§ 872 - Education and research programs of Attorney General§ 875 - Administrative hearings§ 880 - Administrative inspections and warrants§ 881 - Forfeitures21 U.S. Code § 845 to 845b - Transferred§ 883 - Enforcement proceedings§ 958 - Registration requirements§ 965 - Applicability of part E of subchapter I