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 Courts often require bonds for fiduciary responsibilities and prior to judicial actions.
Fiduciary bonds ensure performance of someone acting on another's behalf. Judicial bonds ensure that both the defendant and plaintiff in a legal proceeding have enough money to pay the other party, should the case be decided against them.
Fiduciary Bonds
Description: A court fiduciary is a person appointed by the court to handle financial affairs of another. A bond for this task ensures the person will carry out their duties and comply with court orders.
Types of Court Fiduciary Bonds
- Administrators
- Executors & Administrators
- Committees, Conservators & Guardians of Incompetents
- Guardians & Tutors of Minors
- Trustees Under Deed or Will
- All Other Fiduciary Bonds to Collect & Distribute
Judicial Bonds
Description: Bonds may be required for both defendants and plaintiffs participating in litigation. These bonds ensure that either party is able to pay, should a judgment be decided against them.
Types of Judicial Bonds
- Defendants Bond to Discharge Attachment/Distraint for Claim; Garnishment
- Defendants Bonds-Counterreplevin, Forthcoming, Redelivery, Indemnity to Sheriff
- Injunction-Plaintiff to Secure/Defendants to Dissolve, Rate Refunding Bonds
- Plaintiff & Defendant Appeal, Supersedeas; Stay of Execution
- All Other Court Required Bonds
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