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JAN j 6 2010 - United States District Court

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(<strong>2010</strong>) Amended to conform tabulation to the style used in the federal<br />

rules of procedure.<br />

Rule 62.1 Appeal Bonds; Automatic Stay<br />

A^-(a) Appeal Bond. A supersedeas bond staying execution of a money<br />

judgment shall be in the amount of 110% of the judgment, to provide<br />

security for interest, costs, and any award of damages for delay. Upon<br />

its own motion or upon application of a party the <strong>Court</strong> may direct<br />

otherwise.<br />

B-^(b) Extension of Automatic Stay When Notice of Appeal Filed. If within<br />

the ton fourteen (14) day period established by Federal Rule of Civil<br />

Procedure 62(a), a party files any of the motions contemplated in Federal<br />

Rule of Civil Procedure 62(b), or a notice of appeal, then unless<br />

otherwise ordered by the <strong>Court</strong>, a further stay shall exist for a period<br />

not to exceed thirty (30) days from the entry of the judgment or order.<br />

The purpose of this additional stay is to permit the filing of a<br />

supersedeas bond, which shall be filed by the end of the thirty (30) day<br />

period provided herein.<br />

Effective April 15, 2000. Amended effective April 15, 2007.<br />

Comment<br />

(2000) Added to eliminate the necessity for <strong>Court</strong> approval of supersedeas<br />

bonds in every case in which a money judgment has been entered by fixing<br />

a standard amount, and to specify the time by which the bond must be<br />

filed in order to stay execution. Extension of the automatic stay is<br />

modeled after W.D.Okla. Local Rule 62.1, N.D.Okla. Local Rule 62.1 and<br />

E.D.N.C. Local Rule 97.00.<br />

(<strong>2010</strong>) Amended to conform tabulation to the style used in the federal<br />

rules of procedure and chancre the calculation of time periods to.<br />

correspond to the amendments to the various federal rules.<br />

Rule 67.1 Authorized Depository Banks<br />

ftr-(a) Whenever attorneys, litigants or any other persons or entities are<br />

directed to deposit funds within the interest-bearing <strong>Court</strong> registry,<br />

such funds shall be placed by the Clerk of the <strong>Court</strong> with the<br />

<strong>Court</strong>-designated depository bank.<br />

The <strong>Court</strong>-designated depository bank shall comply with all<br />

applicable statutes, orders, rules and requirements of the <strong>Court</strong>.<br />

G-r(c) All funds placed by the Clerk of the <strong>Court</strong> in the <strong>Court</strong>-designated<br />

depository bank shall earn interest at a competitive market rate<br />

negotiated by the Clerk of the <strong>Court</strong> for similar deposits. However, the<br />

Chief Judge may determine from time to time a minimum amount below which<br />

funds need not be deposited in an interest-bearing account. Deposits for<br />

attorney's fees, costs and expenses required before the issuance of any<br />

writs of garnishment are exempt from this requirement and will be placed<br />

in a non-interest bearing U.S. Treasury account. At the time of<br />

61

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