
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[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
-------------------------------------------------------------------------------
---------------------------------
           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.
