North Carolina receiver bonds.
For receivers, masters & referees.

A court-appointed receiver takes custody of property and runs it under the court’s direction.
Before acting, the receiver posts a bond securing faithful discharge of the receiver’s duties.
The court fixes the amount in its discretion, by reference to the property under receivership.
It is underwritten, not flat-rated — tell us the estate and we size, underwrite, and quote it.

Required of a court-appointed receiver under N.C. Gen. Stat. § 1-507.26 (Commercial Receivership Act)
Conditioned on the receiver’s faithful discharge of its duties and obedience to the court’s orders
Penal sum is set by the court in its discretion from the receivership estate — underwritten, collateral may apply
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NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Built for the appointment order.

A receiver generally posts the bond the court orders before — or shortly after — taking up the receivership. Here is the whole process:

TODAY · 10 MINUTES

Tell us the receivership

Send the appointing order (or its terms), the court, and the value of the property under receivership. That value drives the court-set amount and the quote.

ABOUT 1 BUSINESS DAY

A specialist underwrites & quotes

A surety specialist reviews the matter and returns a quote with any collateral or financial requirement. Because the receiver holds and manages estate property, larger receiverships may be collateralized — we flag that up front.

ON APPROVAL

Execute & file

We issue the bond on the form the court accepts, with the surety’s power of attorney attached, so it can be approved and you can act as receiver.

About this bond

What it is and who needs it.

What a receiver bond secures

A receiver is a neutral, court-appointed custodian who takes control of property or a business that is the subject of litigation — preserving it, operating it, or winding it down under the court’s direction.

Because the receiver holds other people’s assets, the court requires a bond securing the faithful discharge of the receiver’s duties and obedience to the court’s orders. If the receiver mishandles the estate, the bond answers for the loss.

Under North Carolina’s Commercial Receivership Act the receiver gives bond in the sum, nature, and with the conditions the court orders in its discretion — conditioned, unless the court directs otherwise, on the faithful discharge of the receiver’s duties under the court’s orders and the laws of the State. The same logic covers masters and referees appointed to hold or distribute funds under the court’s supervision.

North Carolina StatuteN.C. Gen. Stat. § 1-507.26 (Article 38A, the North Carolina Commercial Receivership Act) provides that after appointment a receiver shall give a bond in the sum, nature, and with the conditions the court orders in its discretion; unless otherwise ordered, the bond is conditioned on the receiver’s faithful discharge of its duties in accordance with the court’s orders and the laws of the State. The bond may be issued by a licensed surety, and the court fixes and approves the amount by reference to the receivership estate.

You need this bond if you’re

A court-appointed receiver taking custody of a business, real estate, or assets in litigation
A master or referee appointed to hold, manage, or distribute funds under the court’s supervision
A receiver in a dissolution or foreclosure operating or winding down property pending the outcome
Counsel who needs the receiver bonded for the appointment to take full effect

Start with the order and the estate value.

These are the actual underwriting fields — the receivership, the court, the property value, and your business. Submit once and a surety specialist responds in about one business day with a quote and any collateral requirement. No charge until the 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 North Carolina receiver bond? +
It is the bond a court-appointed receiver posts, securing the faithful discharge of the receiver’s duties and obedience to the court’s orders. Under N.C. Gen. Stat. § 1-507.26 of the Commercial Receivership Act, the receiver gives bond in the sum, nature, and conditions the court orders in its discretion.
Who sets the amount? +
The court, in its discretion. The penal sum is fixed by reference to the value of the property under receivership, since the bond stands behind the receiver’s handling of that estate.
How much does it cost? +
There is no flat rate. The bond is underwritten individually: premium depends on the court-set penal sum, the underwriting, and the receivership estate. Tell us the property value and a specialist returns a quote, usually within one business day.
Does this cover masters and referees too? +
Yes. The same faithful-discharge framework covers special masters and referees appointed to hold, manage, or distribute funds under the court’s supervision. Send us the appointing order and we’ll size the bond to it.
Will collateral be required? +
It can be, particularly for larger receiverships where the receiver controls substantial assets. We tell you whether collateral or financials apply when we quote.
Related bonds

Other New York bonds.

Get bonded before you take the receivership.

Send the appointing order and the estate value. A surety specialist underwrites it and returns a quote — typically within one business day. No charge until the bond is issued.

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