Tuesday, March 11, 2014
Supersedeas Bond
Supersedeas bond is authorized under Rule 8 of the Mississippi Rules of Appellate Procedure. The rules specifically require normally that you first ask the trial court to grant you relief in the setting of the bond. In the event the trial court refuses to do so, a party can ask the appellate court to. I am surprised that more people do not apply for a bond on property division cases or on cases where there are large attorney's fees awarded. If a person has good credit, many insurance companies are willing to issue a bond. In the right circumstances, this might give a party some good leverage while an appeal is pending to resolve a case.
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