§ 1495. — Partnership bond.
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From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 19USC1495]
TITLE 19--CUSTOMS DUTIES
CHAPTER 4--TARIFF ACT OF 1930
SUBTITLE III--ADMINISTRATIVE PROVISIONS
Part III--Ascertainment, Collection, and Recovery of Duties
Sec. 1495. Partnership bond
When any bond is required by law or regulations to be executed by
any partnership for any purpose connected with the transaction of
business at any customhouse, the execution of such bond by any member of
such partnership shall bind the other partners in like manner and to the
same extent as if such other partners had personally joined in the
execution, and an action or suit may be instituted on such bond against
all partners as if all had executed the same.
(June 17, 1930, ch. 497, title IV, Sec. 495, 46 Stat. 727.)
Prior Provisions
Provisions similar to those in this section were contained in act
Sept. 21, 1922, ch. 356, title IV, Sec. 495, 42 Stat. 964. That section
was superseded by section 495 of act June 17, 1930, comprising this
section, and repealed by section 651(a)(1) of the 1930 act.
Provisions substantially similar to those in this section, except
that they applied to bonds for the payment of duties or for any other
purpose connected with the general transaction of business at any
customs house, were contained in act June 20, 1876, ch. 136, 19 Stat.
60, as amended by act Aug. 27, 1894, ch. 349, Sec. 70, 28 Stat. 569,
prior to repeal by act Sept. 21, 1922, ch. 356, title IV, Sec. 643, 42
Stat. 989.