Wednesday, February 25, 2015
Supersedeas bond is governed by Rule 62 of the Mississippi Rules of Civil Procedure and Mississippi Rule of Appellate Procedure 8. Normally, you have to ask the trial court to set a supersedeas bond prior to asking the appellate court. The bond is 125% of the total judgment. This can be used on domestic cases to appeal various money awards. The main reason to use supersedeas bond is where there would be no relative way to recover the funds once paid to the opposing party if the case is reversed on appeal.