Indiana property management receiver bonds.
Court-set penal sum, underwritten.
When an Indiana court puts described property into a receivership, the receiver has to give security before entering on duty. The undertaking guarantees the receiver will faithfully discharge the duties of receiver and obey the court’s orders. IC 32-30-5-3 is the statute; the appointing court fixes the amount and approves the sureties. These bonds are underwritten, not flat-rated. Send us the order and a surety specialist returns a quote, usually within one business day.
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Built so the receivership can proceed.
A receiver cannot enter on duty until the undertaking the court ordered is executed and approved, so this file moves on the court’s clock. Here is the whole process:
Send us the order of appointment
Apply online with the plaintiff, defendant, cause number, and the name of the court, plus a description of the property going into the receivership. Attach the order fixing the amount and the scope of the receivership so we can size to it.
A surety specialist underwrites it
A specialist reviews the receivership, the property under management, the receiver’s background, and indemnity. Larger estates may call for financials or collateral — we raise that before quoting rather than after.
Execute & file for approval
Once you bind, we issue the executed undertaking with the power of attorney attached, ready to be filed with and approved by the appointing court so the receiver can take possession and manage the property.
What it is and who needs it.
What this receivership bond secures
An Indiana court can place property under a receiver when the property, fund, or rents and profits in controversy are in danger of being lost, and in the other circumstances listed in IC 32-30-5-1. The receiver then takes custody of the described property and manages it neutrally while the case proceeds.
The receiver’s undertaking guarantees that the receiver will faithfully discharge the duties of the office and obey the court’s orders — collecting, preserving, accounting for, and distributing the property as directed. If the receiver mismanages or misappropriates it, the parties recover against the bond and the surety looks to the receiver to repay it.
Because the surety stands behind the whole estate, the bond is underwritten on the receiver’s background and finances rather than flat-rated, and a large receivership can require financials or collateral. We size and quote once we see the order.
You need this bond if you’re
One application, reviewed by a surety specialist.
These are the actual underwriting fields — the case, the court, the property under management, the receiver, and the financial picture behind it. Submit once and a specialist reviews everything together, then returns a quote, typically within one business day. Free until your bond is issued.
Start the application →Common questions.
Other Indiana bonds.
Appointed to manage property in an Indiana receivership?
Send us the order of appointment and a surety specialist sizes, underwrites, and quotes the bond — typically within one business day. Free until your bond is issued.