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UTAH STATUTES AND CODES
31A-22-107 - Bond premium allowable expense of fiduciary.
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'sperformance, may include as part of the expense of executing the fiduciary responsibility areasonable premium paid to a surety for becoming the fiduciary's surety. However, the court maynot allow an expense allowance greater than the larger of 1% of the surety's maximum obligationor $25.
Any fiduciary required by law, or the court in providing a surety to secure the fiduciary'sperformance, may include as part of the expense of executing the fiduciary responsibility areasonable premium paid to a surety for becoming the fiduciary's surety. However, the court maynot allow an expense allowance greater than the larger of 1% of the surety's maximum obligationor $25.
Enacted by Chapter 242, 1985 General Session
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