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nonprofit

Bond Legislation Updates April 12, 2013

Ohio now requires surety bonds for unincorporated nonprofit associations

Signed into law on February 21, 2012, Ohio HB 267 revises the Uniform Unincorporated Nonprofit Association Act by establishing a procedure for when an unincorporated nonprofit association needs to be placed in receivership. This law…


Ohio has enacted a surety bond requirement for exotic animal owners

Bond Legislation Updates April 11, 2013

Ohio enacts surety bond requirement for exotic animal owners

Wild animals don’t always make good pets, but several states give the benefit of the doubt to owners of large, exotic — and sometimes dangerous — animals. To ensure individuals who choose to domesticate these…


oil

Bond Legislation Updates March 22, 2013

South Dakota increases oil & gas well performance bond amount

Signed by Gov. Dennis Daugaard on March 12, 2013, South Dakota SB 1 increases the performance and plugging bond amount required for oil and gas wells in the state. Section 1 of the enrolled bill…


aquaculture farms

Bond Legislation Updates March 12, 2013

New bond requirement for aquaculture farms in Mattapoisett, Massachusetts

Signed on May 10, 2012, by Gov. Deval Patrick and put into effect exactly three months later, Massachusetts HB 3833 requires any businesses in Mattapoisett with aquaculture farms licenses post a surety bond. The bond…


parental revocation

Bond Legislation Updates February 28, 2013

Those seeking parental revocation in Michigan need surety bonds

In 2012, Michigan SB 557 (known as the “revocation of paternity act”) established a process through which an individual can file to revoke his acknowledgement of parentage of a child. As a part of the…


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What is a surety bond?
What is a surety bond? Learn more below.
What Does It Mean to be ‘Bonded’?

What Does It Mean to Be ‘Bonded’?

The phrase “licensed, bonded and insured” appears frequently in business advertising—but what does it mean?


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