Amount of appeal bond
Sec. 3. (a) An appeal bond that an appellant must post to stay
execution on a judgment while an appeal is pending may not exceed
twenty-five million dollars ($25,000,000) regardless of the total
amount of the judgment.
(b) Notwithstanding subsection (a), if an appellee proves by a
preponderance of the evidence that an appellant is dissipating assets
outside the ordinary course of business to avoid payment of a
judgment, a court may enter orders that:
(1) are necessary to protect the appellee; and
(2) require the appellant to post a bond that is equal to the total
amount of the judgment.
As added by P.L.46-2002, SEC.1.
Last modified: May 24, 2006