South Dakota receiver bonds.
Quote on review.
Qualify as a receiver, master, or referee a South Dakota court has appointed. The bond guarantees the faithful discharge of your duties over the property in your charge. The court sets the amount — and we underwrite it. A surety specialist reviews your file and returns a quote, usually within one business day.
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How much does a South Dakota receiver bond cost?
It is underwritten. The carrier’s base rate is 0.4% of the bond amount; the underwriter sets your premium from the amount, your credit and any collateral.
Built for the appointment order.
Before a South Dakota receiver takes charge of the property, the court requires an oath and an undertaking for the faithful discharge of duties. Here is the whole process:
Send us the file
Apply online with the appointment order, the value of the assets in receivership, and the court. We size the undertaking to the amount the court has fixed.
A surety specialist underwrites it
A specialist reviews the order, your financials, and any collateral, then returns a quote. A large receivership bond is typically collateralized — cash, a letter of credit, or pledged assets.
Execute & file
Once you bind, we issue the executed undertaking on the court’s form with the power of attorney attached, ready to file so you can enter on your duties.
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.
What a receiver bond actually does
When a South Dakota court puts property under the control of a receiver — to preserve a business, collect rents, or hold disputed assets — it requires the receiver to be bonded before taking charge.
The bond guarantees the receiver will discharge the duties of the office faithfully and account for the property. If the receiver mishandles the assets, the surety answers for the loss up to the penal sum the court sets.
Because the surety stands behind the receiver’s handling of the estate, a large bond is usually collateralized and supported by financials. We tell you what a given receivership 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 undertaking on the court’s form with the power of attorney attached, ready to file so you can enter on your duties.
What sets the price
This bond is underwritten. The carrier's base rate for this bond is 0.4% of the bond amount; the underwriter sets your final premium from the amount, your credit and any collateral.
The application takes about ten minutes.
These are the actual underwriting fields — the appointment, the assets, your business, and your financials. 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 South Dakota bonds.
The same bond in nearby states.
Requirements checked on the carrier’s application, . Page updated .
Qualify as the receiver the court appointed.
Send us the appointment order and a surety specialist sizes, underwrites, and quotes the bond — typically within one business day. Free until your bond is issued.