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New Jersey Statutes, Title: 3B, ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS

    Chapter 15: Bonds of fiduciaries; exceptions.

      Section: 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 section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 3b:15-8 (if available):



Court decisions that cite this statute: CLICK HERE.


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