§ 53-6-148 - (Pre-1998 Probate Code) Inclusion of bond premiums as expense of administration - Georgia Statutes

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Statutes > Georgia > Title-53 > Chapter-6 > Article-6 > 53-6-148

O.C.G.A. 53-6-148 (2010)
53-6-148. (Pre-1998 Probate Code) Inclusion of bond premiums as expense of administration

(a) Administrators or executors who are required by law to give bond as such and who have given as security on such bonds one or more guaranty companies, surety companies, fidelity insurance companies, or fidelity and deposit companies, as authorized by law, may include as part of their lawful expenses or costs of administration the cost of the bond premium or bond premiums.

(b) Any court, judge, or other officer whose duty it is to pass upon the account of any person or corporation required to execute a bond with surety or sureties, whenever the person or corporation has given any such company or companies as security as provided in subsection (a) of this Code section, shall allow in the settlement of the account a reasonable sum for the expenses and premiums incurred in securing the surety.

State Codes and Statutes

Statutes > Georgia > Title-53 > Chapter-6 > Article-6 > 53-6-148

O.C.G.A. 53-6-148 (2010)
53-6-148. (Pre-1998 Probate Code) Inclusion of bond premiums as expense of administration

(a) Administrators or executors who are required by law to give bond as such and who have given as security on such bonds one or more guaranty companies, surety companies, fidelity insurance companies, or fidelity and deposit companies, as authorized by law, may include as part of their lawful expenses or costs of administration the cost of the bond premium or bond premiums.

(b) Any court, judge, or other officer whose duty it is to pass upon the account of any person or corporation required to execute a bond with surety or sureties, whenever the person or corporation has given any such company or companies as security as provided in subsection (a) of this Code section, shall allow in the settlement of the account a reasonable sum for the expenses and premiums incurred in securing the surety.

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State Codes and Statutes

Statutes > Georgia > Title-53 > Chapter-6 > Article-6 > 53-6-148

O.C.G.A. 53-6-148 (2010)
53-6-148. (Pre-1998 Probate Code) Inclusion of bond premiums as expense of administration

(a) Administrators or executors who are required by law to give bond as such and who have given as security on such bonds one or more guaranty companies, surety companies, fidelity insurance companies, or fidelity and deposit companies, as authorized by law, may include as part of their lawful expenses or costs of administration the cost of the bond premium or bond premiums.

(b) Any court, judge, or other officer whose duty it is to pass upon the account of any person or corporation required to execute a bond with surety or sureties, whenever the person or corporation has given any such company or companies as security as provided in subsection (a) of this Code section, shall allow in the settlement of the account a reasonable sum for the expenses and premiums incurred in securing the surety.