Message from the Chair

Darrell Leonard

In my opinion, the Fidelity & Surety Law Committee members are the smartest, most congenial group of professionals whom I have ever had the privilege to be associated. If you are a member of the FSLC, you have experienced for yourself the wonderful programming, publications and networking opportunities we consistently provide. If you are exploring our committee for the first time, I invite you to join us so you can experience firsthand what our organization has to offer.

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Granite Re, Inc. v. National Credit Union Administration Board

Recently, the United States Court of Appeals for the Eighth Circuit ruled on a matter which concerned letters of credit issued to a surety. Letters of credit are a familiar source of collateral for a surety. The case is instructive for newcomers and reacquaints more seasoned litigators with the issues that can arise from the use of the device. Moreover, as the case deals with the Uniform Commercial Code, it is of note to all practitioners in the United States.

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Join the Fidelity and Surety Committee

The FSLC has many ways for members to get involved. Whether you want to write an article, speak at a conference, work on a webinar or podcast, or be part of one of our many committees, I encourage you to make the most of your membership and to get involved.