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2021 New Jersey Revised Statutes
Title 3B - Administration of Estates--Decedents and Others
Section 3B:15-8 - Allowance of expense of procuring surety bond of fiduciary, receiver or assignee
Universal Citation:
NJ Rev Stat § 3B:15-8 (2021)
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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.
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