2012 US Code
Title 31 - Money and Finance
Subtitle VI - MISCELLANEOUS (§§ 9101 - 9704)
Chapter 93 - SURETIES AND SURETY BONDS (§§ 9301 - 9309)
Section 9307 - Civil actions and judgments against surety corporations
| Publication Title | United States Code, 2012 Edition, Title 31 - MONEY AND FINANCE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 31 - MONEY AND FINANCE SUBTITLE VI - MISCELLANEOUS CHAPTER 93 - SURETIES AND SURETY BONDS Sec. 9307 - Civil actions and judgments against surety corporations |
| Contains | section 9307 |
| Date | 2012 |
| Laws in Effect as of Date | January 15, 2013 |
| Positive Law | Yes |
| Disposition | standard |
| Source Credit | Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 1049. |
| Statutes at Large Reference | 96 Stat. 1049 |
| Public Law Reference | Public Law 97-258 |
Download PDF
(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.
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1049.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 9307(a) | 6:10. | |
| 9307(b) | 6:12. |
In subsection (a)(1), before clause (A), the words “corporation providing a surety bond” are substituted for “company doing business” for consistency. The words “in respect thereof” are omitted as surplus. The words “civil actions on surety bonds” are substituted for “actions or suits upon such recognizance, stipulation, bond, or undertaking” for consistency. In clause (A), the words “the surety bond was provided” are substituted for “such recognizance, stipulation, bond, or undertaking was made or guaranteed” for consistency.
In subsection (a)(2), before clause (A), the words “a surety bond is deemed to be provided” are substituted for “such recognizance, stipulation, bond, or undertaking shall be treated as made or guaranteed” for consistency. In clause (A), the words “principal office of the surety corporation” are substituted for “office” for clarity and consistency. In clause (D), the words “person required to provide a surety bond resided when the bond was provided” are substituted for “principal in such recognizance, stipulation, bond, or undertaking resided when it was made or guaranteed” for consistency.
Subsection (b) is substituted for 6:12 to eliminate unnecessary words and for consistency.
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.
