Montana nears the top of the list for adventurers wanting to explore open spaces and look up at endless skies. It is unlikely that Montana tops the list when appeal bonds come to mind. However, an appeal bond may be necessary in the Treasure State even with its mountain scenery. Today, Jurisco discusses appeal bonds in Montana and when this surety bond comes into play.
What is an appeal bond?
An appeal bond, also referred to as supersedeas bond in Montana, is a surety bond meeting the appellant’s requirement to cover the responsibility of the judgment during the appeal process. The courts mandate bonding to prevent the plaintiff from a financial loss, as well as to deter the defendant from stalling the payment of the judgment.
Do all Montana courts require this surety bond?
Montana courts mandate the protection of both the defendant and plaintiff from an unlawful loss. Even with this mandate, however, other arrangements outside an appeal bond may be satisfy this mandate. In certain scenarios, the plaintiff and defendant can agree to the appeal process and waive the necessity of a surety bond. The court must approve this agreement to waive the surety bond mandate.
How much will an appeal bond cost in Montana?
Appeal bonds in Montana are typically equal to the court judgment; however, this could also be double the amount. The Montana court will set the final amount. A Jurisco surety bonding expert can help write an appeal bond at a low cost despite bad credit, judgment cost and financial assets.