Utah Code § 31A-22-107

Current through the 2024 Fourth Special Session
Section 31A-22-107 - Bond premium allowable expense of fiduciary

Any fiduciary required by law, or the court in providing a surety to secure the fiduciary's performance, may include as part of the expense of executing the fiduciary responsibility a reasonable premium paid to a surety for becoming the fiduciary's surety. However, the court may not allow an expense allowance greater than the larger of 1% of the surety's maximum obligation or $25.

Utah Code § 31A-22-107

Enacted by Chapter 242, 1985 General Session