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Utah Code § 31A-22-107

Bond premium allowable expense of fiduciary

Utah · Utah Code Title 31A — Insurance Code · Status: effective

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Utah Code § 31A-22-107, Bond premium allowable expense of fiduciary, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2333617
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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.