(844) 589-9732

Mississippi Receiver Bond

July 27, 2020

AmeriPro Surety Bonds offers you the Mississippi receiver bond in any amount. Up to a $250,000 surety bond requirement, we also do so without a credit check inquiry. Please call AmeriPro Surety Bonds today at: 844-589-9732.

Mississippi Receiver Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond of Receivers; Purpose

 

 

 

An appointment as a receiver is an important fiduciary responsibility. On it weighs the handling and lawful appropriation of funds, properties, and other items to rightful owners and creditors. Receivers are tasked with overseeing the orderly dissolution and reorganization of a business as appointed by the Court.

To ensure that these duties are handled in a lawful manner, and as directed by the presiding court, a surety bond is required.

The surety bond requirement is pursuant to Mississippi Code § 11-5-157, as amended; and is in an amount that the Court deems sufficient.

When required, the appointment to receiver is conditioned upon procurement of a surety bond.

 

 

 

Qualifying and the Premium

 

 

 

Our agency can provide you with the Mississippi receiver bond in whatever amount the court mandates; and up to a $250,000 surety bond requirement, our agency also does so without a prior credit check inquiry.

What this means for you is that we’ll automatically approve you for the receiver bond up to this amount. Amounts greater than $250,000 do require an underwriter review, and to be sure, good credit will be required for approval.

Regardless of the amount of your receiver surety bond, our agency will need all of the following from you:

  • A copy of the court order. This order will provide our agency with a lot of the information which will be needed for a correct surety bond (i.e. names of the parties; amount of surety; court venue and location, etc.);
  • A completed surety bond application. Before the bond is issued, a signed and witnessed application is required. For a receiver surety bond requirement greater than $250,000, an underwriter review, including a credit inquiry, is also required;
  • Payment of at least the first annual premium. The premium, when paid, is earned in full;

Upon approval of your receiver bond and payment of the premium, our agency issues your bond to you immediately. We will sign your surety bond as Surety; upon receipt, you’ll sign your bond as Principal.

You’ll also file your completed bond and Power of Attorney form that we’ll provide to you with the Court.

 

 

 

Annual Renewal of the Premium

 

 

 

The premium associated with your Mississippi receiver bond is not a onetime payment, but renews annually for as long as the Court requires surety.

Options exist to prepay your bond’s premium up to 3 years, which provides you with a savings over annual renewals; however, bear in mind that premiums paid are earned in full and no refund will be offered.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, Court, probate, and other surety bonds in Mississippi and all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you...

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