Section 8.8 Sureties
| Library | Creditors' Remedies (2009 Ed. + 2014 Supp) |
c. (§8.8) Sureties
Rule 99.10 requires that each surety "must be either a corporation licensed to do business in Missouri or an owner of property within the state." The court determines whether the property is sufficient surety for the amount of the bond given.
The surety is liable on its bond for breach by the plaintiff and is chargeable in a separate proceeding against the bond for:
· the value of the property if not redelivered;
· damages; and
· the defendant's court costs.
Rule 99.12. The...
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