Click to verify BBB accreditation and to see a BBB report.
Follow us on twitter!
+ Reply to Thread
Results 1 to 2 of 2

Thread: Ownership

  1. Hamburglar
    Hamburglar is offline Member
    Join Date
    Dec 2005
    Posts
    67

    Ownership

    We are applying for a bond and currently have 3 owners - all with exceptional credit. In approximately 6-8 months one of the owners will be leaving and we already have their replacement. What will we be required to do to keep our bond active?
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
  2. Admin
    Admin is offline Administrator
    Join Date
    Jan 2005
    Posts
    755

    It depends on the surety, but likely, nothing. The liability is still on the previous owner unless they got off of the indemnity agreement. Keep in mind all owners are required to sign personal in today's surety market.
    Surety Bond Articles
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
« Previous Thread | Next Thread »

Similar Threads

  1. New Ownership
    By Mother Bond in forum ARC Bonds
    Replies: 5
    Last Post: 11-23-2007, 03:42 PM
  2. 96% ownership
    By Bond Magician in forum Telemarketing Bonds
    Replies: 1
    Last Post: 11-01-2007, 09:03 AM
  3. Ownership
    By chefman in forum Mortgage Broker Bonds
    Replies: 1
    Last Post: 05-16-2007, 01:45 PM
  4. New Ownership
    By Phillies in forum ARC Bonds
    Replies: 1
    Last Post: 05-08-2007, 10:00 AM
  5. home ownership
    By ssrog in forum Motor Vehicle Dealer Bonds
    Replies: 1
    Last Post: 02-21-2006, 10:08 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Forum Rules


Content Relevant URLs by vBSEO 3.5.0 RC1 PL1