§ 9307. — Civil actions and judgments against surety corporations.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 31USC9307]
TITLE 31--MONEY AND FINANCE
SUBTITLE VI--MISCELLANEOUS
CHAPTER 93--SURETIES AND SURETY BONDS
Sec. 9307. Civil actions and judgments against surety
corporations
(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.)
Historical and Revision Notes
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Revised Section Source (U.S. Code) Source (Statutes at Large)
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9307(a).............................. 6:10.
9307(b).............................. 6:12.
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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.
Section Referred to in Other Sections
This section is referred to in sections 9306, 9308 of this title;
title 5 section 8478; title 12 section 1766; title 29 sections 502,
1112, 1363.
