§ 31A-22-107. Bond premium allowable expense of fiduciary.

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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.

Enacted by Chapter 242, 1985 General Session

                    
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