Termination of bonds.

§ 25.104 Termination of bonds. (a) General. Brewer's bonds may be terminated as to liability for future removals or receipts under the following circumstances: (1) Pursuant to application of the surety as provided in § 25.103; (2) On approval of a superseding bond as provided in § 25.95; (3) When a brewer discontinues business as provided in § 25.85; or (4) When an existing brewer who becomes exempt from bond requirements terminates the bond as provided in § 25.106. (b) Notification. On termination of the surety's liability under a bond, the appropriate TTB officer will notify the principal and sureties. (31 U.S.C. 9301, 9303) [T.D. TTB–146, 82 FR 1128, Jan. 4, 2017]