SB2737 would allow an appeal bond for nonmonetary judgments if the estimated monetary injury is proven during a hearing.
Mississippi SB2737 amends Section 11-51-31 of the Mississippi Code to authorize an appeal bond for nonmonetary judgments. This bond would be set based on the estimated monetary injury proven by a preponderance of the evidence during an evidentiary hearing. The bond amount cannot exceed 50% of the appellant's net worth or $35 million. The act also includes provisions for dissipating assets and applies to judgments entered after July 1, 2016.
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