What is a Montana Court Bond?

Learn about each and determine which one you need! 

Montana Court BondCourt Bond is not a single bond. It is actually a term used for different types of bonds that are used in court proceedings. A Court Bond is a requirement for specific court rule or statute.

Its purpose is to ensure that the people who are appointed to carry out legally binding acts will do so properly.

 

Judicial Bonds

This is a type of surety bond that is required of a defendant or a plaintiff by a statute for court proceedings.  It is an assurance that the individual will fulfill his obligations following a case.

The coverage of the obligation can vary widely – from payment of damages to regaining a seized property.

Below are the types of Judicial Bonds:

Replevin Bond – Also known as Claim and Delivery Bond.  It  is  a  requirement  for a replevin  case  in  order  to  protect  the  defendant.    This  bond  will  assure the  defendant that  he  will  be compensated  from  losses  caused  by  the  seizure  of  the  property  in question by the plaintiff.

Supersedeas Bond – A bond that will secure the appellee/respondent from any loss due to a stay of execution or a delay by suspending the winning party’s collection until after an appeal is over.

Appeal Bond – A required bond  for  the   appellant/claimant by  the Federal   Rules  of  Appellate    Procedure    as    an    assurance    that    the    appellee’s    court    costs    will    be  paid in case the appeal was lost.

Take  note  that  not  all  court  costs will  be  covered  by  this  bond.    The    examples    of    the covered court costs are, but not limited to, the following:

  • Notice of appeal filing fee
  • Preparation of record
  • Supersedeas bond premium

Injunction Bond – The purpose of such is to indemnify the defendant due to a wrongful injunction.

Bond    for    Release – Also    known    as    Release    of    Lien    Bond,    Delivery    Bond, and Forthcoming Bond.  This  bond  will  guarantee  the  release  of  lien  from  an  attached property.

Dissolution  of  Attachment  Bond – This  bond  will  guarantee  the  dissolution  of  the  lien from the attached property.

 

Fiduciary Bonds

Fiduciary Bonds are a type of Court Bond used in probate courts.  A  Probate Court is a tribunal that deals with certain proceedings such as:

  • Trust Proceedings
  • Conservatorship of Adults and Assets Proceedings
  • Guardianship of Minors and Assets Proceedings

This    type    of    bond    is    furnished    in    order    to    guarantee    that    the   executor    of    the property and finances will perform his duties accordingly.

Alternatively  they  can  be  referred  to  as  a  Probate  Bond,  Guardianship Bond,  Estate Bond, or Executor Bond.

 

What is the bond amount? 

This will vary per bond and subjected to the discretion of the court.

 

How can I obtain this bond?

The first step is to determine which type of Court Bond you need.  Once you’ve established that, you will need to submit an application for that specific bond.

We will ask you some important information needed for the underwriting process such as your financial history, facts about your case, your job performance history, and your credit score.  An underwriter will carefully evaluate the information you have given. You will be then asked to sign an indemnity agreement.

Once done, we will immediately issue the bond and send it to you!

Start yours today! Contact us today!

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