Appeal Bond Reform: HB 5151 (2002); MCLS § 600.2607
Limits the amount a defendant can be required to pay
Limits the amount a defendant can be required to pay to secure the right to appeal to $25 million. Provides that this limit will be adjusted on January 1, 2008 and again on January 1 every five years after that by an amount determined by the state treasurer to reflect the annual aggregate percentage change in the Detroit consumer price index since the previous adjustment. Provides that a court will rescind the limit if an appellee proves by a preponderance of the evidence that the party for whom the bond to stay execution has been limited is purposefully dissipating or diverting assets outside of the ordinary course of business for the purpose of avoiding ultimate payment of the judgment.
Latest News
View all news
Controversial Restatement Adopted by American Law Institute
ALI’s restatement of the law of ‘consumer contracts’ the latest in a surge of advocacy by the Institute
ALI Oversteps With Expansive Restatement Of Contract Law
This op-ed was originally published by Law360. Once considered a scholarly organization that was safely above the fray in broader policy disputes, the American Law Institute has become an advocacy group, […]
State Attorneys General Leave National Org Following ATRA Report
According to recent reports, three state attorneys general will leave the National Association of Attorneys General (NAAG). Ad Law Access reported this week that the Attorneys General of Missouri, Montana, […]
New ATRA Report: American Law Institute Pushes Advocacy Instead of Education
The American Tort Reform Association (ATRA) today released a report documenting how the American Law Institute (ALI) has evolved into a “stealth” legal advocacy organization that is promulgating views well […]
Maryland Attorney General Candidate Jim Shalleck Prioritizes Transparency
Maryland candidate for state attorney general, Jim Shalleck (R), pledged to prioritize transparency and open accountability in office, the American Tort Reform Association announced today. Shalleck, who most recently served […]
Idaho Attorney General Candidate Art Macomber Prioritizes Transparency
Idaho candidate for state attorney general, Arthur Macomber (R), pledged to prioritize transparency and open accountability in office, the American Tort Reform Association announced today. Macomber embraced good-government principles by […]