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Joint Control

An arrangement by written agreement between a fiduciary and a surety, acknowledged by the bank in which funds are deposited or securities lodged so that the funds or securities are controlled by both parties; usually all checks are required to be signed by the fiduciary and countersigned by an authorized representative of the surety and access to the securities can be had only in the presence of an authorized representative of the surety.

Surety Bond Resources

Janitorial Service Bond: What It Is and Why It Matters

A janitorial service bond is a type of surety bond that protects your clients if an employee steals or commits...

Pest Control Service Bond_ What It Is and Why It Matters

A pest control service bond is a type of surety bond that guarantees pest control businesses will operate legally and...

Types of Overweight Permits in Texas (And How to Get the Right Bond)

Texas enforces strict weight laws on every road and bridge. You need a permit and a $15,000 bond to haul...

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