46 CFR Sec. - Sec. 2 Amount of bond.

Regulations last checked for updates: May 18, 2024

Title 46 - Shipping last revised: May 14, 2024

View all text of Part 317 [Section 1 - Sec. 6]

Sec. 2 - Sec. 2 Amount of bond.

The amount of the bond must be governed by the amount of monies advanced or value of slop chest property entrusted, and shall, at all times, not be less than the value of slop chest property entrusted plus advances of monies for which a satisfactory accounting has not been made.

authority: Sec. 204, 49 Stat. 1987, as amended; 46 U.S.C. 1114.

source: AGE-3, 16 FR 6751, July 12, 1951, unless otherwise noted. Redesignated at 45 FR 44587, July 1, 1980.

cite as: 46 CFR Sec.