Bond to Stay Execution on Appeal of Judgment to Recover Possession of Personal Property: This is an official form from the North Carolina Administration of the Courts (AOC), which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by North Carolina statutes and law.
North Carolina Contractor License Bond Form
Category:
State:
North Carolina
Control #:
NC-CVM-906M
Format:
PDF
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Description
How to fill out North Carolina Bond To Stay Execution On Appeal Of Judgment To Recover Possession Of Personal Property?
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FAQ
North Carolina requires general contractors to purchase a surety bond as part of the application process to obtain a business license.
$175,000 bond for a limited license. $500,000 bond for an intermediate license. $1,000,000 bond for an unlimited license.
If you want to be a General Contractor in North Carolina, it is important to get a General Contractor's License. According to NC § 87-1(a), you must be a licensed General Contractor to undertake construction on any project that has a total value of $30,000 or more.
Since the licensure statute requires a license only for projects that cost $30,000 or more, there is arguably a fourth tier which is sometimes known as the "handyman exception"for construction projects that cost under $30,000, no license is required.
Lottery bonds lottery retailers in North Carolina are typically required to be bonded when carrying out their services. The bond ensures that retailers will properly remit payments from the sale of lottery tickets to the required parties, and as specified in the contract.