Judicial and probate bonds, also referred to as fiduciary bonds, secure the performance on fiduciaries' duties and compliance with court order, for example: Executors and Administrators of estates of deceased persons, Guardians of minors; Committees, Conservators, or Guardians of incompetents - Trustees under wills or deeds; Receivers and Trustees in bankruptcy: Equity Receivers, Assignees for the benefit of creditors; Commissioners for the sale of real estate.
Court Bonds are a product of a court ordered action. They are generally divided into two classes - plaintiff and defendant. Court Bonds are: Plaintiff's Attachment; Plaintiff's Replevin; Petitioning Creditors' Bonds; indemnity to Sheriff; Bond for Costs and Removal; Injunction; Appeal; Release of Attachment; Discharge of Mechanics Lien.
