25-12-103. Appeal bonds in civil actions.
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/mt/title-25/chapter-12/part-1/25-12-103·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
25-12-103 . Appeal bonds in civil actions.
(1)Except as provided in subsection (2), in order to ensure that financial considerations do not adversely impact the right of appeal, in civil litigation under any legal theory, the supersedeas bond to be furnished in order to stay the execution of the judgment during the entire course of appellate review, including review by the United States supreme court, may not exceed $50 million, regardless of the amount of the judgment.
(2)If an appellee proves by a preponderance of the evidence that an appellant is dissipating assets or is likely to dissipate assets outside the ordinary course of business to avoid the payment of a judgment, a court may require the appellant to post a bond in an amount up to the amount of the judgment.