Wyoming Injunction Bond |
AmeriPro Surety Bonds | 844-589-9732
An Injunction Surety Bond
As Plaintiff, Plaintiff’s legal counsel, or both, at a recent civil court proceeding in Wyoming, you may have been informed that in order for a preliminary injunction to be granted against a Defendant(s), you require an injunction surety bond.
An injunction is simply the request that a court requires a Defendant to at least temporarily refrain or desist from some act. Frequently the phrase temporary restraining order is heard in connection with an injunction.
The purpose of the Wyoming injunction bond is that in case the court subsequently determines that the Defendant(s) should not have been enjoined, the latter party is able to be financially compensated for the loss or harm that occurred as a result of the injunction.
So, while the injunction bond is required of the Plaintiff, its benefit is for the Defendant(s). The amount of the injunction bond required is determined by the presiding judge.
Qualifying and the Premium
While our agency can provide a Wyoming injunction bond in any amount required, for any amount up to and including a $25,000 surety requirement, we offer this surety bond for 2% (min. $100), and without a credit inquiry.
For these smaller amounts, this streamlines the process of obtaining your bond considerably.
Regardless of the amount of your injunction bond, however, we’ll need the following:
- A copy of the Court Order which states the amount of the injunction bond required (i.e. ditto, by the way for a Wyoming temporary restraining order bond). Besides the amount, this Court Order will provide other needed information (i.e. the parties to the case, the case number, etc.). All of this is needed to complete your surety bond;
- A completed surety bond application. If the amount is for $25,000 or less, we do not need your signature; if it is for more than $25,000, we need both your signature and there will also be a credit check.
If your Wyoming injunction bond requires a credit check, please know ahead of time, that good – even excellent credit will likely be required.
Otherwise, you may be asked to place full cash collateral in addition to your bond’s premium; in which case, you might be able to file a cash bond directly with the court and bypass the services of any surety agency entirely.
If, however, your credit and business financials are solid (you may — or may not be — asked to provide bank statements, and other financial documents), the premium will be 2%.
Once your surety bond is approved by our underwriters and the premium paid, our agency will issue your bond and the accompanying Power of Attorney form to you immediately.
Injunction Bond; Annual Renewal of the Premium
The premium associated with your Wyoming injunction bond is not a onetime payment but renews annually for as long as the court requires a surety bond for your case.
Relevant Statute for Wyoming Injunctions
Title 1, Chapter 28-105 of the Wyoming Code of Civil Procedure states that the surety bond will bind the party from the time the bond is required and executed.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide injunction surety bonds nationwide.
As an online aggregator of surety bonds, we provide license and permit, probate, and other surety bonds in Wyoming and all 50 states.
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