Supersedeas Bonds

Supersedeas Bonds. A. Applicability. This rule applies to appeals from administrative decision to the Department that involve a monetary award. B. Governing Authority. The requirements for obtaining of a stay of execution of a monetary judgment pending appeal shall be governed by Rule 8 of the Mississippi Rules of Appellate Procedure. C. Bond Requirement Under Rule 8. Under Rule 8, an appellant is entitled to a stay of execution of a monetary judgment pending appeal upon posting a supersedeas bond payable to the opposing party. The bond must either: 1. Two or more sufficient resident sureties; or 2. One or more guaranty or surety companies authorized to do business in the State of Mississippi. The bond shall be in an amount equal to one hundred twenty-five percent (125%) of the monetary judgment appealed from. MISSISSIPPI D. Application to Department Appeals. When an appellant seeks a stay of an administrative decision of the Department involving a monetary award, the Department may require the appellant to post a supersedeas bond consistent with Rule 8 as a condition for the stay pending appeal.