A Maryland supersedeas bond is contemplated under Maryland Rules, Rule 8-423 may be filed in order to stay collection of a trial court judgment. Often a party that has sustained an adverse verdict has substantive and proper arguments which justify an appeal. This appeal bond mechanism is allowed to preserve both the plaintiff's and defendant's rights should the original judgment be modified. The purpose of the surety bond is to guarantee satisfaction in full of the judgment from which the appeal is taken, and costs, interest, and damages for delay, or satisfaction any modified judgment with costs, interest, and damages entered or awarded on the appeal.
The Maryland supersedeas bond penalty in cases of "money judgments", is addressed under Section (b) Amount of Bond. "Unless the parties otherwise agree, the amount of the bond shall be as follows (Subject to Code, Courts Article, § 12-301.1), "the amount of the bond shall be the sum that will cover the whole amount of the judgment remaining unsatisfied plus interest and costs, except that the court, after taking into consideration all relevant factors, may reduce the amount of the bond after making specific findings justifying the amount." Pursuant to (b)(3), the bond penalty may be fixed by the court in those cases which are not money judgments.
There are important cases and court rules which speak to the appropriateness of bond amounts and the trial court's right to set them. A review of those cases and rules is instructive should further guidance be needed.
Application for a Maryland supersedeas bond is simple. We need a complete appeal bond application and a copy of entry of the judgment. These two items are sufficient for us to quote the bond. The underwriting of supersedeas bonds is best accomplished by a judicial bond specialist with knowledge of appellate proceedings. Maryland surety bond leader SuretyOne.com specializes in court bonds. A Maryland appeal bond request is reviewed and answered within one hour of receipt. We are the most agile judicial bond underwriter in the nation. Call (800) 373-2804, email us at Underwriting@SuretyOne.com or click here for a live chat for a supersedeas bond application or for any surety bond need.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.