Demand For Bonds Formula In Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00415BG
Format:
Word;
Rich Text
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Description
A Bond is a document with which one party promises to pay another within a specified amount of time. The term "demand" means that the principal plus any interest is due on demand by the bondholder rather than on a specific date. Bonds are used for many things, including borrowing money or guaranteeing payment of money. A bond can be given to secure performance of particular obligations, including the payment of money, or for purposes of indemnification. The validity of a "private" bond, payable upon demand, is determined by the same principles applicable to contracts generally. The purpose of the bond must not be contrary to public policy; it must be supported by a valuable consideration; and there must be a clear designation of the obligor and the obligee. A bond procured through fraud or duress may be unenforceable, but mistake on the part of the obligor as to the contents of a bond, or its legal effect, is not a defense to enforcement of the bond.
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MN Statutes 524.3-204. Use our online calculator to determine the correct State Deed Tax (SDT) amount (the tax is .524.3-605 DEMAND FOR BOND BY INTERESTED PERSON. The money supply has to decrease if you want interest rates to increase. A bond covenant is a legally binding term of an agreement between a bond issuer and a bondholder, designed to protect the interests of both parties. A lien is a legal claim filed with the Office of the Minnesota Secretary of State or county recorder. 2020A Bonds are general obligations of the County.
