75-3-603. Bond not required -- Exceptions.
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/ut/title-75/chapter-3/75-3-603A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/12/2015
75-3-603. Bond not required -- Exceptions.
(1)No bond is required of a personal representative appointed in formal or informal proceedings, except:
(a)upon the appointment of a special administrator without notice having been given;
(b)when an executor or other personal representative is appointed to administer an estate under a will containing an express requirement of bond;
(c)when bond is requested prior to appointment, by an interested party; or
(d)when bond is required under Section 75-3-605 . No bond is required of any personal representative who is exempted from bond under Title 7, Financial Institutions Act .
(2)A bond required pursuant to this section may be dispensed with upon a determination by the court that it is not necessary.
Amended by Chapter 258 , 2015 General Session