A personal representative bond (probate and fiduciary surety bond class) guarantees the diligent and honest conduct of the personal representative. State probate codes almost universally allow this appointed estate administrator to bill the estate for his or her services. Compensation… Continue Reading →
Undertaking construction projects in the City of Los Angeles can be complex and challenging. From acquiring the necessary permits to adhering to stringent regulations, builders, contractors and developers face numerous hurdles. One critical requirement that developers must fulfill is obtaining… Continue Reading →
A DC personal representative bond is required of probate administrators unless specifically waived. D.C. Code §20–502 is instructive. Subsection (a) clearly defines the requirement. “Unless excused from filing a fiduciary bond by the decedent’s will or written waiver of all… Continue Reading →
A North Carolina probate bond is required of applicants for a fiduciary role in the estate of deceased persons under specific circumstances. An administrator bond (or administratrix), executor bond and probate bond are synonymous within the fiduciary class of business…. Continue Reading →
An Ohio injunction bond is contemplated under Ohio Civ.R. 65. Pursuant to Section (C), A temporary restraining order or preliminary injunction is not operative until the party obtaining it gives an injunction bond executed by “sufficient surety”, approved by the clerk… Continue Reading →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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