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Code · Utah · Title 31A — Insurance Code · Chapter 22

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

78 words·~1 min read·/ut/title-31a/chapter-22/31a-22-107

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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.
Enacted by Chapter 242 , 1985 General Session
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