On 07/05/2008, Rhode Island enacted a new law known as HB 7337. The new law enacts the Uniform Athlete Agent Act and removes the state’s athlete agent laws. Now with the updated law, it eliminates the bonding requirements established within the old law. HB 7337 became law lacking the Governor’s signature.
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Rhode Island Uniform Athlete Agent Bond Abolished
October 2, 2009 by Eric WeisbrotDiscuss: Comments (0)
Category: Commercial Bonds, Surety News
Tags: bond requirements, legislation, Rhode Island, RI, surety bond, Uniform Athlete Agent Bond
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Rhode Island Travel Agent Bond Eliminated
September 27, 2009 by Eric WeisbrotThe state of Rhode Island has enacted a new law referred to as SB 2067. The new Rhode Island law was introduced on 01/15/2008 and is concerning travel agents within the state. SB 2067 eliminates the licensing requirement of a $10,000 surety bond for travel agents. The repeal came about for reasons not relating to the surety bond. The repeal became active upon enactment.Discuss: Comments (0)
Category: Commercial Bonds, Surety News
Tags: bond requirements, legislation, Rhode Island, RI, surety bond, travel agent, travel agent bond
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Rhode Island Appeal Bond Amendment
September 26, 2009 by Eric WeisbrotThere is a new law involving appeal bonds classified as SB 2509. The new Rhode Island bill caps the supersedeas bond at $50 million for all appellants together despite the worth of the judgment; this is done to stay the carrying out of a judgment associated to the Master Settlement Agreement. SB 2509 became law even though the Governor did not provide his signature. The new law was enacted on 07/08/2008.Discuss: Comments (0)
Category: Court Bonds, Surety News
Tags: appeal bond, Rhode Island, RI
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Rhode Island Guardianship Bond Amendment
September 22, 2009 by Eric WeisbrotThere is new law named HB 7985/SB 2743 in the state of Rhode Island which affects guardians. The new alterations to the existing law permit waiver of surety on the guardian’s bond despite the worth of the ward’s estate. Before the new modifications, the law required a bond for estates that were worth at least $10,000 or more. The SFAA and AIA worked together to overcome the bill, but they were unsuccessful; it was put through the Senate after 11 hours of the session. HB 7985/SB 2743 became law regardless of the governor who did not sign the bill.Discuss: Comments (0)
Category: Court Bonds, Surety News
Tags: bond requirements, guardianship bond, legislation, Rhode Island, RI, surety bond
