N.J.S.A. 3B:15-8 — Allowance of expense of procuring surety bond of fiduciary, receiver or assignee

3B:15-8. Allowance of expense of procuring surety bond of fiduciary, receiver or assignee A fiduciary, receiver or assignee for the benefit of creditors required by law or order of court to give a bond, may include as a part of the lawful expense of executing his trust a reasonable sum, not exceeding, however, 1% per annum on the amount of the bond, paid a company authorized under the laws of this State so to do, for becoming his surety on the bond, as may be allowed by the court. L.1981, c. 405, s. 3B:15-8, eff. May 1, 1982.

This is the verbatim text of N.J.S.A. 3B:15-8, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.