{"id":2658,"date":"2017-07-04T21:47:01","date_gmt":"2017-07-04T21:47:01","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=2658"},"modified":"2017-07-04T21:47:01","modified_gmt":"2017-07-04T21:47:01","slug":"arizona-supersedeas-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/arizona-supersedeas-bond\/","title":{"rendered":"Arizona Supersedeas Bond"},"content":{"rendered":"

Taking an adverse verdict in the Arizona trial courts can lead to immediate collection actions by the prevailing party. An Arizona supersedeas bond is an instrument available to appellants which can effectively stop all judgment enforcement activity. Under the Arizona Revised Statutes, Rules of Appellate Procedure (Rule 6.<\/a>), “an appellant may file\u00a0a supersedeas bond in the trial court in an amount equal to the judgment and costs. The supersedeas bond may be filed before or after the filing of the notice of appeal. A stay of execution ont the judgment is effective when the surety\u00a0bond is filed.\u00a0The bond\u00a0must guarantee that the appellant or a cross-appellant prosecute their appeal AND\u00a0satisfy any judgment which may be rendered against them on the appeal.” If the supersedeas bond is filed after an order of execution has been issued, then the court must immediately recall the same. In setting the bond penalty (amount) of the surety bond the courts generally follow the “judgment + costs” formula however the Rules do allow the courts some discretion. The case of City Center Executive Plaza, LLC v. Jantzen<\/a>, is instructive. The Arizona Appeals Court found that, “Under A.R.S. \u00a7 12-2108(A) and (B), absent a finding that an appellant is intentionally dissipating assets, a supersedeas bond must be set at the lower of the \u201ctotal amount of damages awarded,\u201d fifty percent of the appellant\u2019s net worth, or $25 million. Citing extensive Arizona authority, the Court held that the term \u201cdamages\u201d does not include attorneys\u2019 fees, based on that term\u2019s \u201cpeculiar and appropriate meaning in the law.\u201d Rule 6(a)(4)\u00a0Powers of the Superior Court Not Limited<\/em> further supports discretionary judicial authority by codified law.<\/p>\n

In conjunction with the judgment plus costs language a surety company issuing an Arizona supersedeas bond\u00a0submits itself to the jurisdiction of the trial court and appoints the court as its agent for the receipt of service of legal process. The surety may be obligated to fulfill its obligation\u00a0on motion without the necessity of an independent action. The motion and notice of the same\u00a0may be served on the court who in turn must\u00a0mail copies to the surety\u00a0at its last known address. Generally a supersedeas bond filed in the Arizona court system must be countersigned by an insurance agent with a current power of attorney filed with the clerk of superior court in the jurisdiction of the filing.<\/p>\n

Obtaining an Arizoaa supersedeas bond is a simple process with us. We\u00a0require a complete surety bond\u00a0application<\/a>, and a copy of entry of judgment from which the appeal is being taken.\u00a0These two items are sufficient for us to offer a premium quote (bond cost). The underwriting of supersedeas bonds is best accomplished\u00a0by a surety specialist with knowledge of judicial proceedings.\u00a0Surety\u00a0bond leader<\/strong>\u00a0SuretyOne.com<\/a>\u00a0specializes in court\u00a0bonds. An Arizona\u00a0supersedeas bond request\u00a0is reviewed and responded to within one hour of receipt of the same. We are the most agile court surety bond underwriter in the United States. Call (800) 373-2804, or email us at Underwriting@SuretyOne.com for a supersedeas bond application or for any court bond need.<\/p>\n

#appeal #appealbond #appealbonds #supersedeas #supersedeasbond #supersedeasbonds #SuretyOne #Arizona #arizonalaw #lawyer #attorney #lawfirm<\/p>\n","protected":false},"excerpt":{"rendered":"

Taking an adverse verdict in the Arizona trial courts can lead to immediate collection actions by the prevailing party. An Arizona supersedeas bond is an instrument available to appellants which can effectively stop all judgment enforcement activity. Under the Arizona… Continue Reading →<\/a><\/p>\n","protected":false},"author":1,"featured_media":2660,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[210],"tags":[2293,64,2376,2377,2375,2374,2296,2378,2295,2294,66,1734,2307,51],"yoast_head":"\nArizona Supersedeas Bond<\/title>\n<meta name=\"description\" content=\"Taking an adverse verdict in an Arizona trial court can lead to immediate collection action. An Arizona supersedeas bond will stay collection! 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