Claimant’s Surety Bond

A Claimant’s Surety bond is a court surety bond required in certain legal proceedings. The bond is required in a case where a decision is pending and property is released to a party who is not involved in the litigation but who claims to be the owner of the disputed property. The claimant must obtain the surety bond to guarantee return of the property as taken should the court order that once a decision is reached.