Court bonds are filed in
connection with actions at law and fall into two main classifications:
Plaintiff and Defendant. A Plaintiff is one that voluntarily originates a
lawsuit and bonds required may be referred to as “voluntary” court bonds.
Defendants, whom the court action is brought against, may counter the action.
Their bonds are referred to as “compulsory” since they are forced in a position
of posting bonds in order to preserve their legal rights.
Bonds required of Plaintiffs are
for the benefit and protection of Defendants. Defendant bonds generally permit
the principal to regain control of property or other assets seized by the
Plaintiff or to postpone enforcement of a decree or judgment pending further
action, such as an appeal. Defendant bonds are considered the more hazardous
financial guarantees and must be underwritten accordingly and often times
require collateral.
Following are bonds
most commonly requested by our Texas agents. Some of these bonds may require careful
underwriting of the applicant’s financial position, creditworthiness and
experience. Always check with our
commercial surety staff
for any bonds requested. No underwriting
authority is granted here. We simply want to provide you the tools to
assist you in getting your job done.
If you don't see
what you need, check our extensive Bond Forms Library
or
contact us at 1-888-344-3362 (toll
free).
