Local Rule LAR65.1.2: Sureties

LAR65.1.2 Sureties In all cases where the surety on a bond or stipulation for the release of a vessel or other property under seizure is not a corporate surety holding a certificate of authority from the Secretary of the Treasury, and the bond or stipulation is not approved as to amount and nature by the party at whose instance the vessel or other property is detained, or by his or her attorney, the vessel or property must not be released without an order of a judge, on reasonable notice and contradictorily, approving the surety. In the absence of the judges, the approval of the clerk, on like notice and contradictorily, will suffice.

Such approval must not limit the right of a party to move, under Rule E(6) of the Supplemental Rules, FRCP, to reduce the amount of surety given or to require new or additional sureties.