re: Trumps 175 million dollar bond will stand.

Engeron approves bond

quote:

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While Engoron allowed the bond to stand, Trump and Knight Specialty Insurance Company agreed to meet several new requirements, per a spokesperson from the New York State Attorney General's office.

These include that Knight Specialty Insurance Company will retain "exclusive control" of the $175 million account, and the company and Trump will provide a monthly account statement certifying that there are sufficient cash funds for the bond.

Knight Specialty Insurance Company has agreed to designate an agent of process in New York.

The agreement between the company and Trump also can't be amended without court approval.

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The point of this exercise was to ensure that the surety had the liquidity to satisfy its obligations under the bond. These new conditions appear to provide that.