Archives for November 2015

Minnesota Light the Night Walk

On Sunday, October 25th, Goldleaf Escrow Fund Control Administrator Jan Sachariason and her husband Robb participated in the Light The Night Walk at Mall of America in Bloomington. The Light the Night Walk is a fundraising campaign benefiting The Leukemia & Lymphoma Society and their funding of research to find blood cancer cures. There are several ways to participate in the Light the Night event.  Walkers can raise funds as an individual or on a team with friends and family.  There are … [Read more...]

Importance of Providing Notice to the Surety Company

By:     Craig F. Martin of Lamson, Dugan & Murray, LLP A recent case out of Missouri emphasizes the importance of providing notice to a surety when a bonded subcontractor is in default.  When the question of whether a surety is obligated under the bond is in the balance, notice is crucial. In CMS v. Safeco Insurance Company, Safeco provided a performance bond to a subcontractor for the benefit of CMS. The bond specifically provided: PRINCIPAL DEFAULT.  Whenever the Principal … [Read more...]