1. LawStack
  2. Title 31 - Money and Finance: Treasury
  3. Subtitle B - Regulations Relating to Money and Finance
  4. Chapter II - Fiscal Service, Department of the Treasury
  5. Subchapter A - Bureau of the Fiscal Service
  6. Part 340 - Regulations Governing the Sale of Treasury Bonds Through Competitive Bidding
  7. 31 CFR § 340.11
31 CFR § 340.11
Failure to complete transaction
July 31, 2023
CFR
Editorial Note on Subchapter A of Chapter II

Editorial Note:

Nomenclature changes to subchapter A appear at 78 FR 60697, Oct. 2, 2013.

§ 340.11 Failure to complete transaction.

If any successful bidder shall fail to pay in full for the bonds on the date and at the place specified in the invitation, the money deposited by or in behalf of such bidder shall be forfeited to the Treasury Department.

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§ 340.10 Payment for and delivery of bonds
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§ 340.12 Reservations as to terms of circular

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