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JUSTIFICATION OF SURETIES 2025

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The document is a legal form used in the District/Superior Court for the State of Alaska, titled 'Justification of Sureties.' It requires a surety to provide personal financial information, affirm their residency in Alaska, and confirm their ability to cover the bond amount. The surety must disclose assets, outstanding liens, exemptions, and any pending legal claims. Additionally, it includes a declaration that the surety will not alter their property interests without court permission.

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What is justification of surety?

Any written undertaking on appeal under G.S. 1‑285 must be accompanied by an affidavit of one of the sureties that the surety is worth double the amount specified in the undertaking.

What is an example of surety?

Examples of Surety Bonds Includes bid or proposal bonds, performance bonds, payment or labor and material bonds, maintenance bonds and supply bonds. These bonds are required by state or federal law for most public construction projects or by a private developer.

What does it mean if someone signs surety?

A surety is someone who agrees to take responsibility for a person accused of a crime.

What is the purpose of a surety?

A surety is a person or party that takes responsibility for the debt, default, or other financial responsibilities of another party. A surety is often used in contracts in which one partys financial holdings or well-being are in question and the other party wants a guarantor.

What is the main purpose of the surety?

Sureties are commonly used in legal, financial, and contractual contexts, such as in surety bonds , to ensure compliance with agreements and obligations. Although similar to a guarantor , a financial suretys liability arises as soon as the agreement is closed.

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What is an affidavit of justification of proposed sureties?

An affidavit of justification of proposed sureties sworn by two people acting as sureties of the proposed administrator(s) with the sureties executing a guarantee that they will make good any loss which the estate of the deceased may suffer if the administrator breaches his/ her duties in the administration of the

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