Source: https://ecfr.io/Title-31/pt31.2.224
Timestamp: 2019-10-17 20:23:11
Document Index: 72414401

Matched Legal Cases: ['art 224', 'art 224', 'art 224', 'ART 224', '§224', '§224', '§224', '§224', '§224', '§224', '§224']

[31 CFR 224] Title 31 Part 224 : Code of Federal Regulations ';
Title 31 Part 224
Title 31 → Subtitle B → Chapter II → Subchapter A → Part 224
PART 224—FEDERAL PROCESS AGENTS OF SURETY CORPORATIONS
§224.1 What does this part cover?
§224.3 When may a surety corporation provide a bond without appointing a process agent?
§224.4 When must a surety corporation appoint a process agent?
§224.5 Who may a surety corporation appoint to be a process agent?
§224.6 Where can I find a sample power of attorney form?
§224.7 Where can I find a list of United States district court offices?
§224.8 When must a surety corporation appoint a new process agent?
Authority: 31 U.S.C. 9306 and 9307.
Source: 71 FR 60848, Oct. 7, 2006, unless otherwise noted.
This part provides guidance on when a surety corporation must appoint a service of process agent and how the surety corporation complies with this requirement.
(a) Principal means the person or entity required to provide a surety bond.
(b) Process agent means a resident agent for service of process.
(c) State means a State, the District of Columbia, or a territory or possession of the United States.
A surety corporation must appoint a process agent when either the State where the bond is filed or the State where the principal resides is different from the State where the surety corporation is incorporated. In such a case, the surety corporation must appoint a process agent in each such State that is different from the State where the surety is incorporated.
(b) An individual who resides in the jurisdiction of the district court for the district in which a surety bond is filed and who is appointed by the surety corporation by means of a power of attorney. A certified copy of the power of attorney must be filed with the clerk of the district court for the district in which a surety bond is to be provided. In addition, the surety corporation must provide the clerk of the United States District Court at the main office in each judicial district with the required number of authenticated copies of the power of attorney for each divisional office of the court within that judicial district.
The Surety Bond Branch provides a sample form on its Web page located at: http://www.fiscal.treasury.gov/c570. While use of the sample form is not required, any power of attorney provided should be substantially the same as the sample form.
A list of the divisional offices of the court in each judicial district may be obtained from the Federal Judiciary, U.S. Courts Web page at http://www.uscourts.gov, or by mail by writing to: Office of Public Affairs, Administrative Office of the U.S. Courts, Washington, DC 20544.