HRS §607-21
Paying for a bond as a court-approved expense
This section lets certain people who must post a bond, like a guardian or trustee, pay a bonding company a fee for that bond. The fee is a lawful expense of their job, but only if the court allows it. The fee cannot be more than one percent per year of the bond amount.
courtsguardianspersonal representativestrustees
The statute, as written — Expense of bond
Any receiver, assignee, guardian, trustee, committee, personal representative, commissioner, or other fiduciary required by law or the order of any court to give a bond, or other obligation as such, may include as a part of the lawful and chargeable expense of executing the individual's trust a reasonable sum, to be paid to a company authorized under the laws of the State to become surety on the bond or obligation for becoming the individual's surety thereon, as may be allowed by the court in which the individual is required to account, not exceeding one per cent a year on the amount of the bond. [RL 1935, pt of §3793; RL 1945, §9759; RL 1955, §219-20; HRS §607-21; am L 1972, c 88, §5(u); am L 1976, c 200, pt of §1; am L 2016, c 55, §23]
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