A California receiver is someone who is appointed by a civil Court to over the administration of a business or some entity which is in dissolution.
As a condition of appointment, the state (and Court) require a receiver to furnish evidence of a surety bond. According to the The Receivers Forum, the amount of surety will generally be determined based upon the monthly cash flow the receivership receivers.
The receiver bond is a financial guarantee that you will conduct as a receiver in accordance with all laws and regulations of the state of California, and any applicable federal statutes.
As receiver you may:
Up to and including a $250,000 California receiver bond requirement, our agency offers this bond with streamlined issuance.
What this means for you is that there is no credit check for these amounts. Amounts greater than $250,000 will undergo a credit check; and to be sure, to be approved good credit will be required. We will be unable to approve you without it.
In all cases, regardless of the surety bond amount required, when you call us, we’ll need the following from you:
Upon approval of your bond (for amounts greater than $250,000) and payment of the premium, our agency issues this bond to you for filing.
Your surety bond will be notarized by our agency as Surety. Included along with your bond, will be a Power of Attorney (POA) form.
Upon receipt you’ll sign your bond as Principal and file all documents with your respective Clerk of the Court.
The premium for your California receiver bond is not a onetime payment but renews annually on the anniversary of its issuance. The bond is required for as long as the case is active in Court, or for as long as the Court requires a surety bond.
Options exist to prepay your bond for up to 3 years, which offers you a savings over annually renewing your bond. However, should the case be resolved within a bond term, no premium, either in full or prorated, is offered.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide Court surety bonds throughout California.
Our agency is also an online aggregator and provider of license and permit, court, probate, and fiduciary bonds throughout California and nationwide.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you...