“Appeal Bond Reforms,” NAMIC Compliance Grid.
Appeal Bond Reforms [S]
A number of states require defendants to post an appeal bond which often equals 150 percent of a verdict in order to have the right to appeal. In a multi-million case, this could force an individual, a company, or an industry into bankruptcy. NAMIC supports appeal bond reform that limits the size of an appeal bond when a company is not liquidating its assets or attempting to flee from justice.
Posted: Friday, July 06, 2012 9:53:49 AM. Modified: Wednesday, July 11, 2012 8:32:32 PM.
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