Utah Code § 31A-44-504

Current through the 2024 Fourth Special Session

Section 31A-44-504 - Bond

A court may refuse to make or vacate an order to rehabilitate a provider's facility under this part if the provider posts a bond that is:

(1) in an amount that the court determines is equal to the reserve funding the provider needs to fulfill the provider's obligations under all of the continuing care contracts for the facility;

(2) issued by a recognized surety authorized to do business in the state; and

(3) executed in favor of the state on behalf of any individual entitled to an entrance fee refund or other damages from the provider.

Utah Code § 31A-44-504

Added by Chapter 270, 2016 General Session ,§ 33, eff. 5/10/2016.