Wyoming Supersedeas Bonds

Jackson Hole, Wyoming

What Are Wyoming Supersedeas Bonds?

While a client can file an appeal without a supersedeas bond, the bond is the legal mechanism required to stay the execution of a judgment while the case is on appeal. In Wyoming, Rule 62(a) of the Rules of Civil Procedure provides an automatic stay of execution for 14 days after the entry of judgment. However, to maintain that stay beyond this initial period and throughout the appellate process, a supersedeas bond must be provided.

A Wyoming supersedeas bond ensures that if the judgment is affirmed or the appeal is dismissed, the appellant will satisfy the judgment. Per Wyoming Rules of Appellate Procedure, Rule 4.02. Supersedeas Bonds, the bond must be presented to the trial court for approval and must be backed by a surety or sureties approved by the court or the clerk of the court.

If you’re an attorney handling your client’s case in Wyoming, here are the requirements and statutory caps for securing a supersedeas bond.

Wyoming Supersedeas Bond Amount Requirements

Wyoming Rule of Appellate Procedure 4.02 and Wyo. Stat. § 1-17-201 outline the specific requirements for the bond amount. Here are several highlights to be aware of:

  • BondAmount: For a money judgment not otherwise secured, the bond must be fixed at a sum that covers the whole amount of the judgment remaining unsatisfied, plus costs on appeal and interest (Rule 4.02(b)).
  • Statutory Caps: Under Wyo. Stat. § 1-17-201, the bond required to stay execution is limited based on the size of the appellant:
    • Individuals and Small Businesses: If all appellants are individuals or businesses with 50 or fewer employees, the bond is capped at $2 million.
    • All Other Actions: For larger entities, the bond is capped at $25 million.
  • Exception for Asset Dissipation: The statutory caps do not apply if the appellee proves by a preponderance of the evidence that the appellant is dissipating assets. In such cases, the court may require a bond up to the full amount of the judgment.
  • Alternative Security: Under Rule 4.02(b), the court may, after notice and hearing and for good cause shown, fix a different amount or order security other than a bond.

(a) Automatic Stay; Exceptions for Injunctions, and Receiverships. — Except as stated in this rule or otherwise provided by statute or court order, no execution may issue on a judgment, nor may proceedings be taken to enforce it, until 14 days have passed after its entry. But unless the court orders otherwise, an interlocutory or final judgment in an action for an injunction or a receivership is not stayed after being entered, even if an appeal is taken.

(b) Stay Pending Disposition of a Motion. — On appropriate terms for the opposing party’s security, the court may stay the execution of a judgment — or any proceedings to enforce it — pending disposition of any of the following motions:

(1) under Rule 50, for judgment as a matter of law;

(2) under Rule 52(b), to amend the findings or for additional findings;

(3) under Rule 59, for a new trial or to alter or amend a judgment; or

(4) under Rule 60, for relief from a judgment or order.

(c) Injunction Pending an Appeal. — While an appeal is pending from an interlocutory order or final judgment that grants, dissolves, or denies an injunction, the court may suspend, modify, restore, or grant an injunction on terms for bond or other terms that secure the opposing party’s rights.

(d) Stay with Bond on Appeal. — If an appeal is taken, the appellant may obtain a stay by supersedeas bond, except in the limitations contained in the Wyoming Rules of Appellate Procedure and an action described in the last sentence of Rule 62(a). The bond may be given upon or after filing the notice of appeal or after obtaining the order allowing the appeal. The stay takes effect when the court approves the bond.

(e) Stay Without Bond on Appeal by the State, Its Officers, or Its Agencies. — The court must not require a bond, obligation, or other security from the appellant when granting a stay on an appeal by the State, its officers, or its agencies.

(f) Supreme Court’s Power Not Limited. — This rule does not limit the power of the Supreme Court or one of its justices:

(1) to stay proceedings — or suspend, modify, restore, or grant an injunction — while an appeal is pending; or 201 Rule 62 RULES OF CIVIL PROCEDURE (2) to issue an order to preserve the status quo or the effectiveness of the judgment to be entered. (g) Stay with Multiple Claims or Parties. — A court may stay the enforcement of a final judgment entered under Rule 54(b) until it enters a later judgment or judgments, and may prescribe terms necessary to secure the benefit of the stayed judgment for the party in whose favor it was entered.

Source

*This does not constitute legal advice, please read our disclaimer.

(a) Whenever an appellant so entitled desires a stay on appeal, appellant may present to the trial court a supersedeas bond in such amount as shall be fixed by the trial court and with surety or sureties to be approved by the court or by the clerk of court. The bond shall be conditioned for the satisfaction of the judgment in full together with costs, interest, and damages for delay, if for any reason the appeal is not perfected or is dismissed, or if the judgment is affirmed, and to satisfy in full such modification of the judgment and such costs, interest, and damages as the appellate court may adjudge and award.

(b) When the judgment is for the recovery of money not otherwise secured, the amount of the bond shall be fixed at such sum as will cover the whole amount of the judgment remaining and unsatisfied, costs on appeal, and interest, unless the court, after notice and hearing and for good cause shown, WYOMING COURT RULES 36Rule 3.09 fixes a different amount or orders security other than the bond. When the judgment determines the disposition of the property in controversy, as in real actions, replevin, and actions to foreclose mortgages, or when such property is in the custody of the sheriff, or when the proceeds of such property or a bond for its value is in the custody or control of the court, the amount of the supersedeas bond shall be fixed at the sum as will secure the amount recovered for the use and detention of the property, the costs of the action, costs on appeal, interest, and damages for delay. When appellant has already filed a surety bond in the trial court, a separate supersedeas bond need not be given, except for the difference in amount as determined by the trial court to be attributable to the appeal.

(c) When the judgment directs the execution, assignment or delivery of a conveyance or other instrument, appellant may execute, assign or deliver the conveyance or other instrument, leaving same in the custody of the clerk of the trial court in which the judgment was rendered, there to remain and abide the judgment of the appellate court, and in such case appellant shall give bond only for costs on appeal and damages for delay.

(d) Executors, administrators and guardians shall be required to give a supersedeas bond.

Source

*This does not constitute legal advice, please read our disclaimer.

(a) When judgment has been rendered in any district court against any person for the recovery of money or sale of property he may have a stay of execution as provided by the Wyoming Rules of Civil Procedure, except that a supersedeas bond to be furnished in order to stay the execution of any judgment under this section or under W.S. 1-17-210 during the entire course of appellate review shall not, regardless of amount of the judgment, exceed two million dollars ($2,000,000.00) in any action in which all appellants are either individuals or have fifty (50) or fewer employees, or twenty-five million dollars ($25,000,000.00) in any other action; provided, however:

(i) That if an appellee proves by a preponderance of the evidence that an appellant is dissipating assets which may affect the ultimate payment of all or any portion of the judgment, the district court, upon motion and hearing, may require the appellant to post a bond in an amount up to the amount of the judgment; or

(ii) That an appellee of a judgment to pay taxes or liens to the state of Wyoming shall post a bond in an amount not less than the full amount of the judgment plus interest and costs of the appeal, unless otherwise ordered, as provided in Rule 4.02(b) of the Wyoming Rules of Appellate Procedure.

Source

*This does not constitute legal advice, please read our disclaimer.

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Who Needs Supersedeas Bonds in Wyoming State Cases?

In Wyoming courts, Supersedeas bonds are typically required to stay the enforcement of a money judgment while an appellant seeks to overturn a judgment or order. Except for judgments against most public entities, most monetary judgments require a supersedeas bond to prevent execution of the judgment during the appeals process.

Here are a few common cases that require Supersedeas bonds in Wyoming:

  • Contract Disputes
  • Class Action Lawsuits
  • Personal Injury Lawsuits
  • Property Disagreements
  • Business Litigation
  • Employment Law Disputes
  • Product Liability Claims
  • Intellectual Property Conflicts with Monetary Awards
  • Toxic Tort Litigation
  • Domestic Relations Cases involving property division, alimony, or child support

Wyoming Supersedeas Bonds Underwriting Requirements

A supersedeas bond functions similarly to an extension of credit. It ensures that the judgment debtor will pay the judgment to the judgment creditor if the appeal is wholly or partially unsuccessful. Unlike traditional insurance, which absorbs financial losses, a supersedeas bond requires the appellant to reimburse the surety company if the appeals court affirms the trial court’s decision and the surety ends up paying a claim on the bond.

Since most judgments are not reversed on appeal, there is a high likelihood that the surety will receive a claim on the Supersedeas bond. Given this high probability of a claim, surety companies will often require collateral equal to the full bond amount before issuing a Wyoming Supersedeas bond.

Exceptions to Collateral Requirements

Certain high-net-worth appellants with substantial liquidity relative to the bond amount may qualify for an appeal bond without full collateral. This may include:

  • Publicly traded companies
  • Banks and financial institutions
  • Insurers
  • Large private firms
  • Individuals with significant liquid assets

Collateral Options for Supersedeas Bonds

To secure a supersedeas bond, appellants may provide collateral in various forms, including the following:

FAQs

A Wyoming Supersedeas bond cost is determined by the premium rate set by a surety company, which is generally between 0.3% to 4% depending on several factors such as:

  • The size of the Supersedeas bond
  • The type of collateral provided, if required
  • The financial strength of the appellant relative to the bond amount, if the bond is being considered without collateral

The bond premium is charged yearly until the surety’s liability under the bond is fully released. If the bond is exonerated midterm after the first year’s renewal, the client will receive a prorated return premium from the surety company.

Securing a supersedeas bond in Wyoming can be a complex process. Following best practices and having an experienced appellate bond specialist working with your client can help simplify this process and ensure a smooth and efficient experience:

  1. Contact a surety bond agent early. This advantage helps the client explore all options and ensure they can file the Supersedeas bond without delay.
  2. Ensure attorney involvement. Attorneys are critical in confirming the bond amount based on the jurisdiction’s requirements and parts of the judgment being bonded, updating the surety company on the deadline to file the bond, and reviewing the bond form to ensure it conforms with State or local rules.
  3. Choose the right surety bond agent. You and your client can choose the right surety bond agent by interviewing multiple professionals and choosing one with a strong track record of experience and who specializes in Wyoming Supersedeas bonds.

Read our guide, “The Biggest Mistakes Made with Appeal Bonds,” to learn more.

If your client needs to stay enforcement of a Wyoming judgment, they need a professional surety agent who can use a wide variety of collateral options and who has access to the right surety companies.

A Legacy of Expertise & Trust

Since 1984, CSBA has provided first-class service through our expertise in the appellate process, underwriting requirements, and the time frames required to secure a bond before the filing deadline. With our combined experience of 110 years, our surety bond professionals anticipate potential setbacks and take proactive steps to tailor options unique to your client’s financial situation.

Exclusive Surety Insurer Access & Creative Solutions

At CSBA, we leverage our extensive network of over 30 surety insurers for clients seeking to secure a Wyoming Supersedeas bond. Our long-standing relationships with top-tier surety companies allow us to handle bond amounts of all sizes, whether it’s a $1 million Supersedeas bond for a private individual or a $1 billion Supersedeas bond for a publicly traded corporation.

With access to exclusive and semi-exclusive sureties we offer:

  • Creative collateral solutions tailored to each client’s financial profile.
  • Expedited underwriting to ensure a streamlined bonding process.
  • Comprehensive support and guidance to attorneys and their clients throughout the Supersedeas bond process.

Our specialized expertise and direct surety relationships set us apart, making CSBA the trusted choice to attorneys and their clients for Supersedeas bonds in Wyoming cases.

If collateral isn’t required to secure a supersedeas bond, a Wyoming Supersedeas bond can be approved and issued in as little as 24 hours in the most straightforward cases.

If collateral is required, the process can vary significantly and mainly depends on the type of collateral being used. For example, cash collateral can be posted within a few days, while real estate can take 30-60 days, depending on the type and number of properties being posted.

Steps to Apply for a Supersedeas Bond

  1. Contact a Supersedeas Bond Specialist
    Consult with a surety expert to review your client’s bond amount, financial qualifications, and go over available collateral options. We recommend that the client contact CSBA early so that we can prevent setbacks, and ensure that all necessary steps are completed on time.
  2. Explore All Available Options
    The surety agent will discuss customized solutions based on your client’s financial situation. If your client may qualify for a supersedeas bond without full collateral, we will go over the underwriting requirements and answer any questions.
  3. Submit Required Documentation
    To begin the underwriting process, the following documents are required:
  4. Secure Approval & Finalize the Bond
    Once the underwriting documents have been received, your surety agent will review them internally and:
    • Work to obtain competitive terms from a surety insurer.
    • Outline the Supersedeas bond approval for your client.
    • Guide the client in the posting of the collateral, if required.

Get a Free Quote for Your Client's Supersedeas Bond in Wyoming Today

Filing deadlines for Supersedeas bonds are often strict and time-sensitive. At CSBA, we specialize in simplifying the underwriting process, ensuring a smooth experience so you and your client can focus on the case at hand. Our team of dedicated surety experts is ready to assist you—contact us today to take the next step in securing your client’s Supersedeas bond in Wyoming.

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