A proprietor must file an amended application if the proprietor's bond status changes in either of the following ways:

(a) A proprietor who has not furnished any bond becomes required to furnish a bond as provided under §24.154(b); or

(b) A proprietor who has furnished a bond becomes exempt from bond requirements under §24.146(d) and chooses to terminate all bond coverage as provided under §24.160.

[T.D. TTB-146, 82 FR 1124, Jan. 4, 2017]