HCS SS SB 242 -- APPEAL BONDS

This bill limits the amount of appeal bonds required of all
appellants collectively to $50 million in any civil litigation
involving a claim relating to tobacco products.  A court may, if
good cause is shown, set the appeal bond at a lower amount, in
which case the appellant must provide the court and the appellee
with current and future financial statements.  If the appellant
is found to be purposefully dissipating or diverting assets
outside the ordinary course of business for purposes of avoiding
ultimate payment of the judgment, the $50 million limit may be
rescinded and the court may enter orders to prevent dissipation
or diversion of the assets.  The bill applies to all cases
pending on or after its effective date.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:13 am