31 USC 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.
Terms Used In 31 USC 9307
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(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.