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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:
16 None
17 Other Special Clauses:
18 None
19 Utah Code Sections Affected:
20 AMENDS:
21 75-3-603, as last amended by Laws of Utah 2015, Chapter 258
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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 an executor or other personal representative is appointed to administer an
32 estate under a will and the beneficiary of the estate is a minor, unless a conservator is appointed
33 under Title 75, Chapter 5, Part 4, Protection of Property of Persons Under Disability and
34 Minors;
35 [
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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