Nebraska State enacted a change to an existing surety bond requirement, this time relating to court bonds. The requirement is titled LB 157 and it revises the original surety bond amount required of conservators. The previous law allowed the court to require a bond from a conservator while also giving the court the ability to establish the bond amount. This revision to the old law only requires a bond for estates priced over $10,000 within the state; the court still has the power to decide whether a bond is necessary and has the option to tweak the bond amount for “good cause shown”.
Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.