Local Rule RULE 9025-1: SURETIES AND OTHER PROVIDERS OF SECURITY
Bankr. N.D.N.Y. — General rule
RULE 9025-1 SURETIES AND OTHER PROVIDERS OF SECURITY
(a) Execution by Surety or Providers of Security Only. Whenever a bond, undertaking or stipulation is required, it shall be sufficient if the instrument is executed by the surety, provider or sureties and providers only.
(b) Security for Bond. Except as otherwise provided by law, every bond, undertaking or stipulation must be secured by:
(1) The deposit of cash or government bonds in the amount of the bond, undertaking or stipulation, or
(2) The undertaking of a corporate surety holding a certificate of authority from the United States Secretary of the Treasury.
(c) Affidavit by Individual Surety or Provider. In the case of a bond, undertaking or stipulation executed by an individual surety or provider, each surety or provider shall attach an affidavit of justifications, giving the full name, occupation, residence and business address, and showing that the individual is qualified as an individual surety or provider under paragraph (b) of this Rule.
(d) Persons Who May Not Act as Surety or Provider. Unless otherwise ordered by the Court, a member of the bar, administrative officer, Court employee, the marshal, deputy or assistant, may not act as surety or provider in any case, adversary proceeding, contested matter or action pending in this Court.