ERISA Fidelity Bond and a KSOP

An ERISA fidelity bond, with few exceptions, is required by federal law (ERISA) for the protection of plan assets from the dishonest acts of plan trustees. An Employee Stock Ownership Plan (ESOP) is not generally an exception. A hybrid of… Continue Reading →

North Carolina Preliminary Injunction Bond

A North Carolina preliminary injunction bond and bond to secure a temporary restraining order are synonymous under N.C.G.S. §1A-1. Rule 65 is the operative statute of the injunction/TRO mechanism and the surety bond requirements thereof. Per Rule 65.(c), “No restraining… Continue Reading →

West Virginia Injunction Bond

A West Virginia injunction bond and the prerequisites of procuring a preliminary injunction or temporary restraining order are contemplated under Rules of Civil Procedure: Section VIII, Rule 65. Section (c) is instructive, “No restraining order or preliminary injunction shall issue except… Continue Reading →

Missouri Injunction Bond (Temporary Restraining Order Bond ~ Missouri)

A Missouri injunction bond and temporary restraining order bond are synonymous terms within the context of Missouri civil procedure. Rule 92 of the Rules of Civil Procedure is the operative statute. 92-02(b) addresses the preliminary injunction bond. No injunction or temporary… Continue Reading →

Delaware Injunction Bond (Restraining Order Bond ~ Delaware)

Per Chancery Court Rules, a Delaware injunction bond must be filed with the court before any restraining order or injunction will be issued. Pursuant to Rule 65, “No preliminary injunction shall be issued without notice to the adverse party, and without… Continue Reading →

Illinois Injunction Bond (TRO Bond ~ Illinois)

An Illinois injunction bond (a/k/a restraining order bond or preliminary injunction bond) is contemplated under Illinois Compiled Statutes, as are the requirements to obtain an enjoining or injunctive order. Per 735 ILCS 5/11-101, “A temporary restraining order will NOT be granted… Continue Reading →

Pennsylvania Injunction Bond

A Pennsylvania injunction bond is required by statute to perfect a preliminary or special injunction, except for those cases in which the plaintiff is the Commonwealth of Pennsylvania, a political subdivision or a department, board, commission, instrumentality or officer of the… Continue Reading →

Florida Temporary Injunction Bond

A Florida temporary injunction bond is required in order to perfect an injunction order in this jurisdiction. The mechanism is contemplated under Fla. R. Civ. P. 1.610, “A temporary injunction may be granted without written or oral notice to the… Continue Reading →

Louisiana Injunction Bond

A Louisiana injunction bond or temporary restraining order bond is required more often than not under Louisiana Code, which unlike other states relies heavily on a Justinian-style of jurisprudence. The imposition of an injunction bond requirement is wholly discretionary however… Continue Reading →

New Jersey Injunction Bond

Pursuant to Rule 4:52-1, a New Jersey injunction bond should be filed after a complaint seeking injunctive relief, temporary restraint or other interim relief has been granted and bond security ordered. The Rule states, “On the filing of a complaint seeking injunctive… Continue Reading →

Union Fringe Benefit and Wage Bond

A union fringe benefit bond, also sometimes referred to as a wage and welfare bond (collectively “Union Fringe Benefit and Wage Bond”) is often required by labor unions to guarantee that an employer will pay participating members the wages and… Continue Reading →

New York Injunction Bond

A New York injunction bond is a mechanism available to a litigant to restrain a party from specifically identified actions or conduct that are generally considered prejudicial to the opposing party.  Pursuant to CVP §6301, “A preliminary injunction may be granted… Continue Reading →

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