JAN j 6 2010 - United States District Court
JAN j 6 2010 - United States District Court
JAN j 6 2010 - United States District Court
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
(<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