7 LONG TITLE
8 General Description:
9 This bill requires a personal representative to provide a bond when administering the
10 estate of a minor.
11 Highlighted Provisions:
12 This bill:
13 ▸ requires a personal representative to provide a bond when administering the estate
14 of a minor and no conservator has been appointed.
15 Money Appropriated in this Bill:
17 Other Special Clauses:
19 Utah Code Sections Affected:
21 75-3-603, as last amended by Laws of Utah 2015, Chapter 258
23 Be it enacted by the Legislature of the state of Utah:
24 Section 1. Section 75-3-603 is amended to read:
25 75-3-603. Bond not required -- Exceptions.
26 (1) No bond is required of a personal representative appointed in formal or informal
27 proceedings, except:
28 (a) upon the appointment of a special administrator without notice having been given;
29 (b) when an executor or other personal representative is appointed to administer an
30 estate under a will containing an express requirement of bond;
31 (c) when Ĥ→ the court determines it is necessary and ←Ĥ an executor or other
31a personal representative is appointed to administer an
32 estate under a will and the Ĥ→ sole ←Ĥ beneficiary of the estate is a minor Ĥ→ or minors ←Ĥ ,
32a unless a conservator is appointed
33 under Title 75, Chapter 5, Part 4, Protection of Property of Persons Under Disability and
37 personal representative who is exempted from bond under Title 7, Financial Institutions Act.
38 (2) A bond required pursuant to this section may be dispensed with upon a
39 determination by the court that it is not necessary.
Legislative Review Note
Office of Legislative Research and General Counsel