Okla. Stat. tit. 18, § 18-489
This is the official text of Okla. Stat. tit. 18, § 18-489, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Fiduciaries - Cost of bond as lawful expense - Amount of
Official statutory text
bond.
That any receiver, assignee, guardian, trustee, executor,
administrator or other fiduciary, required by law or the order of
any court or judge, to give a bond or other obligations as such, may
include as a part of the lawful expense of executing his trust, such
reasonable sum paid a company authorized under the laws of this
state so to do, for becoming his surety on such bond as may be
allowed by the court in which or a judge before whom, he is required
to account, and when any such bond is signed by a surety company as
surety, the penalty must not be in excess of the value of the
personal property and the probable value of the annual rents,
profits and issues of real property, which are likely to come into
the hands of such receiver, assignee, guardian, trustee, executor,
administrator or other fiduciary. But when real estate is to be
sold an additional bond shall be required in amount equal to the
probable value of such real estate.
That any receiver, assignee, guardian, trustee, executor,
administrator or other fiduciary, required by law or the order of
any court or judge, to give a bond or other obligations as such, may
include as a part of the lawful expense of executing his trust, such
reasonable sum paid a company authorized under the laws of this
state so to do, for becoming his surety on such bond as may be
allowed by the court in which or a judge before whom, he is required
to account, and when any such bond is signed by a surety company as
surety, the penalty must not be in excess of the value of the
personal property and the probable value of the annual rents,
profits and issues of real property, which are likely to come into
the hands of such receiver, assignee, guardian, trustee, executor,
administrator or other fiduciary. But when real estate is to be
sold an additional bond shall be required in amount equal to the
probable value of such real estate.
Status: in_force · Read it on the official government site
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