25 CFR §140.14
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
No trade with Indians is permitted at any other place than that specified in the license. Licenses to not cover branch stores. A separate license and bond must be furnished for each such store. The business of a licensed trader must be managed by the bonded principal, who must habitually reside upon the reservation, and not by an unbonded subordinate.