As we have stressed in previous blogs, if you sponsor a defined benefit plan or act as a plan fiduciary you had BETTER make sure that you have an adequate ERISA fidelity bond. So what happens if your plan gets… Continue Reading →
As per California Code 34510.5. (a) (1) A broker of construction trucking services, as defined in Section 3322 of the Civil Code, shall not furnish construction transportation services to any construction project unless it has secured a surety bond of not less than fifteen… Continue Reading →
The Employee Retirement Income Security Act of 1974 (ERISA), enacted on September 2, 1974. ERISA is federal statute which establishes minimum standards for pension plans in private industry and provides for extensive rules on the tax effects of transactions associated with employee benefit plans. ERISA… Continue Reading →
In North Carolina, lost, defective and imperfect motor vehicle titles can be remedied by purchase of a vehicle indemnity bond. The Department of Motor Vehicle requires a surety bond equal to or greater than one and one half times the… Continue Reading →
The Oregon Department of Transportation requires all commercial motor carriers with a gross weight of over 26,000 pounds, to report and pay highway use taxes and provide an Oregon highway use tax bond. New operators must provide a highway use… Continue Reading →
In certain states wrecker services and vehicle crusher operations must provide a dismantler surety bond. This type of bond guarantees compliance with the laws and codes which regulate the dismantling service. In some jurisdictions significant civil penalties can be assessed… Continue Reading →
If you wish you take legal ownership of a motor vehicle in Illinois and you have no title, an Illinois title bond is your easy solution. Illinois Code 625 ICLS 5/3, allows you to offer a title surety bond in an… Continue Reading →
All commercial users of the Kentucky highways and state roads are responsible for paying the Kentucky Highway Use Tax and providing the appropriate Kentucky highway use bond. To guarantee payment of those tax amounts the State requires a security instrument,… Continue Reading →
A receiver is appointed by a court to conserve, manage, account for and at times liquidate companies and assets under receivership, that are placed under his or her control. A receiver must be qualified, take an oath given by the… Continue Reading →
Until mid-2012, El Paso had been requiring a $50,000 surety bond for all contractors to guarantee code compliance. You can now post an El Paso contractor bond in the amount of $25,000. The El Paso City Development Department refers to this… Continue Reading →
Non-resident plaintiffs bringing civil suit in the courts of the State of Colorado must regularly provide cost of court security in the form of a Colorado non resident cost bond. Attorneys and plaintiffs be advised that pursuant to § 13-16-102. if… Continue Reading →
New York City street obstruction surety bonds are fairly complex obligations. Instead of just simple code compliance, these surety bonds are similar to performance bonds, guaranteeing a broad set of duties such as convenient passage for pedestrians, safe placement of… Continue Reading →
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