Michigan — Receiver Bond - Management Of Property Or A Business
A receiver manages property or operations under a court appointment rather than acting as an ordinary owner.
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- Recorded state
- Michigan
- Category
- Court, probate & fiduciary
What this bond does
The bond may secure a court-appointed person’s duties or protect against losses associated with a specified legal remedy.
- Who needs it
- Court-appointed fiduciaries, litigants and their advisers working from an order or filing requirement.
- Who it protects
- The order and bond form identify the protected parties and conduct. A bond is not a substitute for legal advice or permission to take a court action.
Your bond option
This is the option on record for this bond.
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The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Have these ready
- Bring the receivership order and schedule of assets or operations.
- Have the court name, case number, and relevant order available.
- Confirm the applicant’s exact capacity and the amount stated by the court.
- Have the legal applicant name and the written bond request ready. Check the recipient’s name and any requested form.
- Select Purchase Now to continue to the provider’s online application. Check your application details before completing the purchase.
Questions about this bond
What powers and reporting duties does the appointment grant?
Bring the receivership order and schedule of assets or operations. Match the applicant’s role and covered activity to the written request before selecting a form.
What should I take from the court paperwork?
Identify the person ordered to give security, their capacity, the court and case number, and the specific order. An executor managing estate assets has different duties from a litigant seeking an injunction. Ask the case adviser to resolve discrepancies before applying.
How much will I pay?
The bond amount is the sum of the obligation or protection, not the purchase price. Review the premium and application conditions with the provider before paying. Any separately stated E&O limit is insurance coverage.
How do I purchase this bond online?
Choose the option that matches your written request, then select Purchase Now. The provider’s application opens in a new tab. Review the applicant name, recipient, amount and dates before paying, then follow the recipient’s instructions for delivering the issued document.