Probate / Fiduciary
Receiver Bond
A bond a court-appointed receiver posts to guarantee they will manage the property or business in their care honestly and according to court orders.
- Required by
- State and federal courts that appoint receivers
- Bond amount
- Set by whoever requires the bond. We confirm it.
What this bond guarantees
The bond runs to the court for the benefit of the parties and creditors (the obligee). It guarantees the receiver will faithfully discharge their duties, and a party can claim if the receiver mismanages, loses, or takes the assets.
Who needs it
- Court-appointed receivers
- Attorneys and accountants serving as receivers
- Property managers appointed as receivers of real estate
What the underwriter looks at
- Value of the assets in the receivership
- Receiver's experience and credentials
- Receiver's personal credit
- Court controls on the assets
Requirements vary by state and by who asks for the bond. Send us the request you received and we will confirm exactly what it calls for.
Common questions
Who sets the bond amount?
The court. Florida s. 714.08 requires a bond in an amount the court specifies, conditioned on faithful discharge of the receiver's duties, effective from the date of appointment.
Can I start work before the bond is posted?
Under Alabama's Uniform Commercial Receivership Act, for receivers appointed after January 1, 2025, the court may allow the receiver to act before the bond is posted. Florida also allows a court to approve a letter of credit or deposit instead of a bond.