What is the 'Depository Trust Company - DTC'. The Depository Trust Company (DTC) is one of the world's largest securities depositories. The DTC, which was founded in 1973 and is based in New York City, is organized as a limited purpose trust company and provides safekeeping through electronic recordkeeping of securities balances.
To be prepetition property, the security interest must attach to the property. A security interest attaches to personal property upon satisfaction of three requirements: (1) the parties have an adequate security agreement, (2) the secured party gives value, and (3) the debtor has rights or the power to transfer rights in the personal property.
Non-Contract Commercial Surety Bonds Court The bonds are necessary to the party (Plaintiff or Defendant) in a lawsuit. The Plaintiff can attach the property (Attachment Bond); file the injunction (Injunction Bond); guarantee the seized property will be in same condition and not sold (Replevin Bond); etc. Defendants in a lawsuit can post a bond to release the attachment; appeal the judgment; etc.