to Judiciary (H)
Summary
The bill changes the law so any person who acts as a surety for bonds required by statutes from the former Civil Code or the Rules of Civil Procedure must live in Kentucky, have net worth at least double the bond amount after debts, and own property in the state equal to the bond amount. The rule also applies when multiple sureties share a bond, requiring the group to meet the same standards. This aims to ensure that sureties have sufficient financial resources within Kentucky.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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