Court Bonds are required on a county level for plaintiffs and defendants in all 50 states going through certain processes such as an appeal or replevin. Court Bonds ensure the person securing the bond will uphold their responsibilities as either the plaintiff or the defendant.
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Replevin Bonds, also known as Sequestration Bonds or Claim and Delivery Bonds, is requested by a plaintiff to the court when the plaintiff is looking to take back (replevy) property that is in the defendant's possession. This is the counterpart to the Counter Replevin Bond.
Appeal Bonds, also referred to as Supersedeas Bonds, are a court bond required for a defendant wishing to reverse a judgement against them in a stay of execution.
Appeal Bonds, also referred to as Supersedeas Bonds, are a court bond required for a defendant wishing to reverse a judgement against them in a stay of execution.
Lien Bonds are for defendants wishing to discharge a lien owed against property. The bond allows the lien to attach to the bond instead of the property until the lawsuit ends. Also referred to as Mechanics Lien Bonds, Discharge of Lien Bonds, or Release of Lien Bonds.
Trustees are assigned to administer a trust and disperse the property and assets to the beneficiaries. The person who creates the trust generally selects someone they trust to be the trustee (makes sense, right?). However, there can be times when an added assurance is put into place to guarantee financial security—enter the surety bond.
A trustee bond holds the trustee financially liable in cases of malfeasance while protecting the trust's beneficiaries. The terms of the trust may dictate a surety bond requirement or the court may deem a bond necessary.