§ 995.230.Consent to Bond In Amount Less Than Required Amount
Title 14. Of Miscellaneous Provisions · Chapter 2. Bonds and Undertakings · Article 2. General Provisions · Enacted 1982 · no amendments on record · Last verified July 28, 2026
Full Text of § 995.230
Plain-English Summary
The beneficiary a bond protects can decide it doesn't need the full protection the statute would otherwise require. Section 995.230 lets that beneficiary consent, in writing, to a bond in an amount less than what's statutorily required — or skip the bond altogether by waiving it.
Because the bond exists for the beneficiary's protection, it makes sense that the beneficiary can choose to accept less of it. The writing requirement keeps that choice on the record rather than leaving it to later dispute.
Frequently Asked Questions
Can a beneficiary agree to accept a smaller bond than the statute requires?
Yes, as long as that consent is given in writing.
Can the beneficiary waive the bond requirement entirely?
Yes, § 995.230 allows a written waiver of the bond.
Does this consent need to be in writing?
Yes, both the consent to a lesser amount and the waiver must be in writing under this section.
Amendment History
Added by Stats. 1982, Ch. 998, Sec. 1.