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| (NY) How long is a bond valid with courts? http://fugitiverecovery.com/forum/viewtopic.php?f=13&t=16248 |
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| Author: | WayUpNY [ Thu 17 Dec 2015 16:28 ] |
| Post subject: | (NY) How long is a bond valid with courts? |
I know that NY requires us to maintain bond records for at least -6- years, BUT, was wondering how long an issued bond is valid for, ie can a court drag out a bond obligation for years? One of those questions I can't locate an answer for. Thanks |
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| Author: | Mdbtyhtr [ Thu 17 Dec 2015 17:27 ] |
| Post subject: | Re: (NY) How long is a bond valid with courts? |
Absent local statutes that address the issue, as long as they want. Some bond powers limit the time to 1 year and then has to be re-written and premium paid again. In MD, that is not allowed and I have 1 case that has been active sincve 08/2014. Scott |
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| Author: | WayUpNY [ Sun 20 Dec 2015 19:55 ] |
| Post subject: | Re: (NY) How long is a bond valid with courts? |
Mdbtyhtr wrote: Absent local statutes that address the issue, as long as they want. Some bond powers limit the time to 1 year and then has to be re-written and premium paid again. In MD, that is not allowed and I have 1 case that has been active sincve 08/2014. Scott Thanks for the response...helpful info. |
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| Author: | speezack [ Thu 24 Dec 2015 13:38 ] |
| Post subject: | Re: (NY) How long is a bond valid with courts? |
How bout this... I am looking at a 50K that I wrote 11/24/2010... still active in the Virginia Supreme court system... was appealed up the ladder and still going... no decision made to date... |
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| Author: | ChuckJ [ Thu 24 Dec 2015 17:32 ] |
| Post subject: | Re: (NY) How long is a bond valid with courts? |
So if you retired tomorrow they would hold 50k of your BUF until that case is concluded? |
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| Author: | tsuggs [ Thu 24 Dec 2015 17:44 ] |
| Post subject: | Re: (NY) How long is a bond valid with courts? |
Bill, So a verdict was entered in the case? If so your bond should have been exonerated. In CA, the defendant has to post a separate Appeal Bond in order to appeal a conviction. That goes for the surety also if they are appealing a forfeiture ruling. And, I think the Appeal Bond would have to be in the amount of the judgment entered in the case of appealing a forfeiture. If we post an appeal bond for a defendant, we also HAVE to charge an annual premium. |
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