Bonds Express offers a Michigan Seizure of Personal Property Cost Bond with a 99% approval rate.
This bond is required for any person that is claiming interest in the property seized without due process and wishes to make a claim for that seized property. Property may be seized without due process in Michigan if :
• The value is under $50,000 and• The property is seized incident to a lawful arrest or• The property is subject of a prior judgment in favor of the state or forfeiture proceeding under this act or• There is probable cause to believe that the proper is directly or indirectly dangerous to the health or safety• There is probable cause to believe that the property was used or is intended to be used in violation.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Michigan Seizure of Personal Property Cost Bond holds you accountable for your business decisions.
By possessing a Michigan Seizure of Personal Property Cost Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.