Minnesota receiver bonds for property & business management.
We size, underwrite & quote it.

This is the receiver bond for the appointment that goes beyond custody — where the court puts you in charge of operating a business or managing income-producing property. Rents, payroll, leases, taxes, and vendor contracts all run through you, so the bond is written to the scale of what you are running. The court fixes the sum in its order — and we underwrite it. A surety specialist reviews your file and returns a quote, usually within one business day.

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Required after appointment under Minn. Stat. § 576.27, in the sum and with the conditions the court orders

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Written for the general receiver who operates the business or manages the property, not merely holds it

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Underwritten on the receiver’s file; collateral may apply where the operation is large

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How it works

Built for the order of appointment.

A receiver put in charge of a business or a rent roll can’t take the reins until the bond the order requires is filed. Here is the whole process:

TODAY · ONE APPLICATION

Send us the file

Apply online with the case number, the appointing court, the appointment detail, and the defendant — the fields Minnesota receiverships actually turn on. Tell us what you will be operating: the business, the buildings, the rent roll, and their value.

WITHIN 1 BUSINESS DAY

A surety specialist underwrites it

A specialist reviews the order, your experience running an operation of this size, your credit and finances, and any collateral, then returns a quote. The amount is fixed by the court — underwriting decides approval and collateral.

ON APPROVAL

Execute & file

Once you bind, we issue the executed bond with the power of attorney attached, ready to file with the court so you can take possession, open the receivership accounts, and start operating.

About this bond

What it is and who needs it.

The bond for a receiver who runs things

Minnesota courts appoint two kinds of receiver. A limited receiver collects, controls, and protects the receivership property. A general receiver does that and more — under Minn. Stat. § 576.29 a general receiver may operate the business in the ordinary course, use, sell, or lease property, incur expenses, and hire the employees and officers needed to manage it.

That second appointment is what this bond is written for. Once you are signing leases, running payroll, paying taxes and insurance, and depositing rents, the money passing through the receivership is far larger than the snapshot value of the assets — and the bond is what stands behind your handling of all of it.

Section 576.25 makes the point plainly in the mortgage-foreclosure receiverships it governs: the receiver retains an experienced property manager, collects the rents, profits, and all other income, prevents waste, and pays taxes, insurance, and maintenance in statutory priority. Because the surety backs that entire operation, the bond is underwritten on the receiver’s experience, credit, and finances, and a large receivership can require collateral. We tell you what your file needs before you commit.

Minnesota StatuteMinn. Stat. § 576.27 provides that after appointment a receiver shall give a bond in the sum, nature, and with the conditions that the court shall order in its discretion consistent with section 574.11; unless the court orders otherwise the bond is conditioned on the receiver’s faithful discharge of its duties in accordance with the orders of the court and the laws of this state, and the receiver must execute the bond with a surety authorized to write bonds in the state. Under § 576.29 a general receiver may operate any business constituting receivership property in the ordinary course, including using, selling, or leasing property, and § 576.25 governs appointment — including the mortgage-foreclosure receiverships in which the receiver retains a property manager, collects rents and income, prevents waste, and pays taxes, insurance, and maintenance.

You need this bond if you’re

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A general receiver the court has authorized to operate a business as receivership property in the ordinary course

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A receiver over rental property collecting rents and income and retaining a property manager in a mortgage foreclosure

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A receiver for a dissolved or insolvent entity keeping the operation running while the case or wind-down proceeds

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Counsel or a lender arranging the receiver’s bond so the order of appointment can take effect and possession can pass

One application, one underwriting review.

These are the actual underwriting fields — the case number, the appointing court, the appointment detail and defendant, the property or business you will run, and your finances. Submit once and a surety specialist reviews everything together and returns a quote, typically within one business day. Free until your bond is issued.

Start the application →

FAQ

Common questions.

What is a Minnesota receiver bond for management of property or a business?It is the bond a court-appointed receiver gives when the appointment includes operating a business or managing property rather than merely holding it. Under Minn. Stat. § 576.27 the receiver gives a bond in the sum, nature, and with the conditions the court orders, conditioned on faithfully discharging the receiver’s duties in accordance with the court’s orders and Minnesota law.

How is this different from the general receiver bond?It is the same statutory bond written for a broader appointment. A limited receiver collects and protects the receivership property; a general receiver may, under § 576.29, operate the business in the ordinary course, lease or sell property, incur expenses, and hire staff. Because far more money moves through an operating receivership, courts and underwriters size and review it accordingly.

How much does it cost?It is underwritten, not flat-rated. The court sets the penal sum in its order of appointment, and the premium depends on that sum, the receiver’s experience and finances, and any collateral. A surety specialist reviews the file and returns a quote, usually within one business day.

Who sets the bond amount?The appointing court does. Section 576.27 leaves the sum, nature, and conditions to the court’s discretion, consistent with § 574.11. Where the receiver will run a business or a rent roll, the amount typically reflects the receivership property plus the income it generates. We size and underwrite the bond to whatever the order specifies.

Will I need to post collateral?Sometimes, particularly where the operation is large or the receiver is new to receiverships of that size. Because the surety stands behind the whole operation, a high penal sum can require collateral such as cash, a letter of credit, or pledged assets, supported by financials. We tell you what your specific file requires before you commit.

Related bonds

Other Minnesota bonds.

Get bonded and take over the operation.

Send us the order of appointment and what you will be running, and a surety specialist sizes, underwrites, and quotes the bond — typically within one business day. Free until your bond is issued.

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