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2018 SESSION

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HB 1142 Qualification of fiduciary without security; possession of assets, etc., by guardian, etc.

Introduced by: Tony O. Wilt | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Qualification of fiduciary without security. Provides that a circuit court or circuit court clerk may allow a fiduciary to qualify by giving bond without surety when there are no assets or the asset or amount coming into the possession of such fiduciary does not exceed $25,000.

SUMMARY AS INTRODUCED:

Qualification of fiduciary without security; asset or amount with no monetary value. Provides that a circuit court or circuit court clerk may allow a fiduciary to qualify by giving bond without surety when the asset or amount coming into the possession of such fiduciary has no monetary value. Current law specifies that such qualification may be made only when the amount coming into the fiduciary's possession does not exceed $25,000.