New York receiver bonds.
We size, underwrite & quote it.

A court-appointed receiver takes control of property the court is protecting.
The undertaking guarantees you’ll discharge your duties faithfully.
The court fixes the amount to the value in receivership — and we underwrite it.
A surety specialist reviews your file and returns a quote, usually within one business day.

Required of a temporary receiver under CPLR 6403 before entering on the duties
Amount is fixed by the court that made the appointment, to the value in receivership
Underwritten on the receiver’s file; collateral may apply to a large estate
Underwrittencourt sets the amountA-ratedA.M. Best carriers1 business daytypical specialist reply
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Built for the order of appointment.

A temporary receiver can’t enter on the duties of the office until the undertaking is given, so the bond is usually the gating step after appointment. Here is the whole process:

TODAY · 10 MINUTES

Send us the file

Apply online with the order of appointment, the assets in receivership and their value, and the receiver’s details. The value the receiver will hold drives the penal sum.

WITHIN 1 BUSINESS DAY

A surety specialist underwrites it

A specialist reviews the order, the receiver’s 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 undertaking on the form the court requires with the power of attorney attached, ready to file so the receiver can take control of the assets.

About this bond

What it is and who needs it.

What a receiver bond secures

A New York court appoints a receiver (or referee or master) to take custody of disputed or distressed property — a business, real estate, or assets — and manage it neutrally while a case proceeds.

The receiver undertaking guarantees the receiver faithfully discharges the duties of the office: collecting, preserving, accounting for, and distributing the property as directed. If the receiver mismanages or misappropriates, the bond makes the estate whole, and the surety looks to the receiver to repay it.

Because the surety stands behind the assets the receiver holds, the bond is underwritten on the receiver’s credit and finances, and a large receivership can require collateral. The court fixes the amount and can adjust it as the receivership develops.

New York StatuteCPLR 6403 provides that a temporary receiver shall give an undertaking in an amount to be fixed by the court making the appointment, that the receiver will faithfully discharge the duties of the office. The amount is left to the appointing court’s discretion, sized to the cash and transferable property the receiver will hold. Receivers appointed to satisfy a money judgment are governed by CPLR 5228.

You need this bond if you’re

A court-appointed receiver taking control of a business, real estate, or assets in litigation
A referee or special master directed to hold, manage, or sell property
A receiver in a rents-and-profits or foreclosure receivership
Counsel arranging the bond so the receiver can give the undertaking and take possession under the order of appointment

The application takes about ten minutes.

These are the actual underwriting fields — the order of appointment, the assets and their value, the receiver, and your finances. Submit once and a surety specialist returns a quote, typically within one business day. Free until your bond is issued.

Start the application →
FAQs

Common questions.

If yours isn't here, the bond team can usually answer within the hour.

What is a New York receiver bond? +
It is the undertaking a court-appointed temporary receiver, referee, or master gives before entering on the duties of the office. Under CPLR 6403, it is conditioned that the receiver will faithfully discharge those duties, protecting the property placed in receivership.
How much does it cost? +
It is underwritten, not flat-rated. The court fixes the penal sum to the value of the assets in receivership. A surety specialist then reviews the receiver’s credit and finances and any collateral and returns a premium quote, usually within one business day.
Who sets the bond amount? +
The court that made the appointment does, in an amount it fixes under CPLR 6403, usually high enough to cover the cash and transferable property the receiver will hold. We size and underwrite the bond to whatever the court fixes.
Is there more than one undertaking in a receivership? +
Sometimes. The temporary receiver gives the CPLR 6403 undertaking, and the court may also require security from the party that sought the receivership. We help structure whichever undertaking the court orders.
How fast can the bond be issued? +
A specialist typically returns a quote within one business day of a complete application. Once you bind and any collateral is in place, the executed undertaking issues on the court’s form, ready to file so the receiver can take possession.
Related bonds

Other New York bonds.

Get bonded and take control of the receivership.

Send us the order of appointment and the asset value, 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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