Attorney Con Riordan was a co-presenter for the 2023 DRI Fidelity and Surety Roundtable held March 10 in Chicago, IL. Riordan discussed several options facing a surety upon a default of the principal with an emphasis on the tender and takeover options. The below link includes the full, in-depth materials that were addressed during the roundtable. The materials also will be published on the DRI website. https://www.dri.org/
Nuts and Bolts of a Surety Takeover.pdf