Bill > S2052

This bill establishes a maximum limit of $50 million for a supersedeas bond, which is a type of security posted by a party appealing a court's decision in a civil action to prevent the enforcement of a judgment while the appeal is pending. This limit applies to the total amount required from all appellants collectively and includes trial costs, though courts retain the discretion to reduce this amount for good cause after a hearing. However, if an appellee can prove that an appellant is hiding or improperly spending assets to avoid paying a judgment, the court can order a bond up to the full amount of the judgment to protect the appellee. The bill defines "civil action" broadly to include various types of claims and "legal, equitable, or other relief" to encompass all forms of remedies, including damages and injunctions, and will apply to judgments entered on or after its effective date.