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J475 REPUBLIC OF SOUTH AFRICA SECURITY BOND *SECTION 9 (3) OF THE INSOLVENCY ACT, No. 24 OF 1936 (AS AMENDED)/SECTION 346 (3) OF THE COMPANIES ACT, No. 61 OF 1973 (AS AMENDED) READ WITH SECTION 66.

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The purpose of bond is to insure the appearance of the defendant in court. Alabama State law limits the maximum bond amount in Municipal Court to $1,000 for each separate offense; however an appeal bond may be set at twice the amount of fine and costs assessed.

What Do Alabama Surety Bonds Cost? Surety bonds generally cost 1-15% of the required bond amount.

With a surety bond, the defendant hires a bondsman to pay the bail money. In exchange for putting out the $100,000, the surety company charges a fee to the defendant, usually around 10 percent of the bail.

Basically, it's a legally binding three-party contract that guarantees one party's performance or payment of an obligation to another party.

A securities bond is a type of debt security in which an investor loans money to a lender for a set period of time at either a fixed or variable interest rate. Governments and businesses can use a securities bond as a way to raise funds to finance a wide variety of projects and activities.

Prosecutors are supposed to both enforce the law and "do justice." Doing justice means that a prosecutor occasionally decides not to prosecute a case (or files less severe charges) because the interests of justice require it, even if the facts of the case might support a conviction.

There are two types of bonds – secured and unsecured. A secured bond means that you actually pay money or bail property to secure your release. An unsecured bond or surety bond means you sign a document that says you will pay a certain amount of money if the defendant breaks his/her bond conditions.

With a surety bond, the defendant hires a bondsman to pay the bail money. In exchange for putting out the $100,000, the surety company charges a fee to the defendant, usually around 10 percent of the bail. When the defendant shows up for court, the bail company gets the $100,000 back from the courts.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232