Minnesota property & business receiver bonds.
Quote on review.
This is the receiver bond for an appointment that goes beyond custody, where the court puts you in charge of operating a business or managing income-producing property. The court fixes the sum in its order, and we underwrite it: a surety specialist reviews your file and returns a quote.
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How much does a Minnesota property & business receiver bond cost?
It is underwritten. The carrier’s base rate is 1% of the bond amount; the underwriter sets your premium from the amount, your credit and any collateral.
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:
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.
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.
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.
How a receiver bond works, and what to have ready.
Why the court asks for it
A court has appointed you as receiver, or as a master or referee, to take charge of property or a business while a case is decided. The court requires a bond before you take control.
Who it protects
The parties to the case and the court. If you fail to carry out the court's orders faithfully, they can recover the loss from the bond, up to the bond amount.
If there is a claim
The surety pays a valid claim and you repay the surety.
Have these ready
- The order appointing you, with the bond amount
- The court, case number and the parties' names
- A description and estimated value of the property or business you will control
- A short summary of your experience as a receiver or fiduciary
- Your attorney's name and contact details
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.
You need this bond if you’re
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
Term and renewal are set in the underwriter's quote.
Keep the bond in force for as long as the obligation behind it runs.
How to file it
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.
What sets the price
This bond is underwritten. The carrier's base rate for this bond is 1% of the bond amount; the underwriter sets your final premium from the amount, your credit and any collateral.
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 →Common questions.
Other Minnesota bonds.
Requirements checked on the carrier’s application, . Page updated .
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.