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Bonds

A bond is an obligation, expressed in writing, to pay a fixed and liquidated sum on the happening or nonoccurence of a specified condition or event. The term "bond" includes investment bonds, penal bonds conditioned on the performance of duties of office, or other obligations undertaken by the principal obligor in the bond or collateral things to be done by the principal obligor; and indemnity and fidelity bonds or undertakings to indemnify the obligee against loss from conduct of the principal. A bond may be an insurance policy required by a court for the benefit of a trust or an estate. This policy provides insurance protection against the possibility of fraud or embezzlement by a trustee or an executor. The will maker may request in the will that no bond be required.

Bonds may be classified as being either statutory or private. The purpose and contents of a statutory bond are dictated by statute; a private bond is one that is not given pursuant to a statutory requirement. A bond is single if the obligation is to pay a fixed sum of money on a certain day. It is conditional if liability on the obligation is contingent on the principal's performance of particular acts, or, conversely, the principal's failure to perform particular acts. The basic parts of a bond, usually appearing in the order stated, are: (1) the obligation or promise to pay a specified sum, (2) the condition, if any, and (3) the testimonium clause, followed by the signatures.

Some of the relevant legal forms include:

AOC-CVM-904m; Bond to Keep Possession of Motor Vehicle Take from Lienor
AOC-CVM-906m; Bond to Stay Execution on Appeal of Judgment to Recover Possession of Personal Property
AOC-CR-331; Bond to Secure Return of Motor Vehicle for Hearing on Petition for Release
AOC-CR-201; Appearance Bond for Pretrial Release
AOC-CR-213; Bond Forfeiture Notice
AOC-E-401; Bond
AOC Official Forms - Estate Forms - Decedent's Estate - Other
AOC-E-404; Waiver of Personal Representative's Bond
AOC-E-903M Faithful Performance Bond Nonresident Guardian Of The Person (Minor Or Incompetent)
Civil Supersedeas Bond - Official
Appeal Bond
Appearance Bond
Bail Bondsmen, Order and Judgment of Forfeiture
Detinue Bond
Notice of Satisfaction of Bail Bond Lien on Real Estate
Notice of Lien on Real Estate for Criminal Bond
C-Series Documents - Bond
Detinue Bond
Receiver's Bond
Ne Exeat Republica Bond
Bond Claim Notice
Payment Bond Form - Construction - Mechanic Liens
Notice Of Bond Form - Construction - Mechanic Liens
Bonded Stop Notice--Corporation - Construction Liens
Notice of Lien Release Bond--Individual - Construction Liens
Notice of Lien Release Bond--Corporation - Construction Liens
Owner's Written Notice of Bond--Individual - Construction Liens
Owner's Written Notice of Bond--Corporation - Construction Liens
Lender's Objection to Bond--Individual - Construction Liens
Lender's Objection to Bond--Corporation - Construction Liens
Release of Lien Pursuant to Notice of Bond
Notice of Bond - Individual or Corporate
Demand for Notice of Bond - Individual or Corporate
Release of Lien by Posting of Surety Bond -- Corporation
Release of Lien by Posting of Surety Bond -- Individual
Bond Form
Surety Bond Form
Procure Treasurers Bond - Resolution Form - Corporate Resolutions
Amendment of Certificate of Professional Bondsman to Approve New Agent
Appeal Bond - To the Court of Criminal Appeals
Consolidated Appearance Bond
Appearance Bond
Corporate Surety Bond
Certificate of Professional Bondsman - Professional Surety Company
Certificate of Professional Bondsman - Professional Bond Company
Application for Bondsman Process
Waiver of Homestead Exemption for Bond

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