75-3-606 - Terms and conditions of bonds. - Utah Statutes

State Codes and Statutes

Statutes > Utah > Title-75 > Chapter-03 > 75-3-606

75-3-606. Terms and conditions of bonds.
(1) The following requirements and provisions apply to any bond required by this part:
(a) Bonds shall name the state as obligee for the benefit of the persons interested in theestate and shall be conditioned upon the faithful discharge by the fiduciary of all duties accordingto law.
(b) Unless otherwise provided by the terms of the approved bond, sureties are jointly andseverally liable with the personal representative and with each other. The address of sureties shallbe stated in the bond.
(c) By executing an approved bond of a personal representative, the surety consents to thejurisdiction of the probate court which issued letters to the primary obligor in any proceedingspertaining to the fiduciary duties of the personal representative and naming the surety as a party.Notice of any proceeding shall be delivered to the surety or mailed to him by registered orcertified mail at his address as listed with the court where the bond is filed and to his address asthen known to the petitioner.
(d) On petition of a successor personal representative, any other personal representativeof the same decedent, or any interested person, a proceeding in the court may be initiated againsta surety for breach of the obligation of the bond of the personal representative.
(e) The bond of the personal representative is not void after the first recovery but may beproceeded against from time to time until the whole penalty is exhausted.
(2) No action or proceeding may be commenced against the surety on any matter as towhich an action or proceeding against the primary obligor is barred by adjudication or limitation.

Enacted by Chapter 150, 1975 General Session

State Codes and Statutes

Statutes > Utah > Title-75 > Chapter-03 > 75-3-606

75-3-606. Terms and conditions of bonds.
(1) The following requirements and provisions apply to any bond required by this part:
(a) Bonds shall name the state as obligee for the benefit of the persons interested in theestate and shall be conditioned upon the faithful discharge by the fiduciary of all duties accordingto law.
(b) Unless otherwise provided by the terms of the approved bond, sureties are jointly andseverally liable with the personal representative and with each other. The address of sureties shallbe stated in the bond.
(c) By executing an approved bond of a personal representative, the surety consents to thejurisdiction of the probate court which issued letters to the primary obligor in any proceedingspertaining to the fiduciary duties of the personal representative and naming the surety as a party.Notice of any proceeding shall be delivered to the surety or mailed to him by registered orcertified mail at his address as listed with the court where the bond is filed and to his address asthen known to the petitioner.
(d) On petition of a successor personal representative, any other personal representativeof the same decedent, or any interested person, a proceeding in the court may be initiated againsta surety for breach of the obligation of the bond of the personal representative.
(e) The bond of the personal representative is not void after the first recovery but may beproceeded against from time to time until the whole penalty is exhausted.
(2) No action or proceeding may be commenced against the surety on any matter as towhich an action or proceeding against the primary obligor is barred by adjudication or limitation.

Enacted by Chapter 150, 1975 General Session

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Utah > Title-75 > Chapter-03 > 75-3-606

75-3-606. Terms and conditions of bonds.
(1) The following requirements and provisions apply to any bond required by this part:
(a) Bonds shall name the state as obligee for the benefit of the persons interested in theestate and shall be conditioned upon the faithful discharge by the fiduciary of all duties accordingto law.
(b) Unless otherwise provided by the terms of the approved bond, sureties are jointly andseverally liable with the personal representative and with each other. The address of sureties shallbe stated in the bond.
(c) By executing an approved bond of a personal representative, the surety consents to thejurisdiction of the probate court which issued letters to the primary obligor in any proceedingspertaining to the fiduciary duties of the personal representative and naming the surety as a party.Notice of any proceeding shall be delivered to the surety or mailed to him by registered orcertified mail at his address as listed with the court where the bond is filed and to his address asthen known to the petitioner.
(d) On petition of a successor personal representative, any other personal representativeof the same decedent, or any interested person, a proceeding in the court may be initiated againsta surety for breach of the obligation of the bond of the personal representative.
(e) The bond of the personal representative is not void after the first recovery but may beproceeded against from time to time until the whole penalty is exhausted.
(2) No action or proceeding may be commenced against the surety on any matter as towhich an action or proceeding against the primary obligor is barred by adjudication or limitation.

Enacted by Chapter 150, 1975 General Session