§ 10-4-305 — Bond part of expense

Colorado § 10-4-305

• Jurisdiction: Colorado
• Title 10: Insurance
• Art.: Property and Casualty Insurance

Text

Any receiver, assignee, guardian, trustee,
committee, executor, administrator, curator, 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 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 he is required to account, not
exceeding one percent per annum on the amount of such bond or other obligation.
A party to any action, suit, or proceeding entitled to recover costs in such action,
suit, or proceeding shall be allowed and may have taxed and may recover, as costs
therein, such sum as said party has paid such a company as premium for executing
any bond, recognizance, undertaking, stipulation, or other obligation therein, not
exceeding five dollars per annum for each thousand dollars or fraction thereof of
the penalty of such bond, recognizance, undertaking, stipulation, or other obligation
for each year or part thereof that the same has been in force. The premium so paid
shall be taxed by the clerk of the court in which such action, suit, or proceeding is
pending, as costs therein, upon production to him of proper receipt for the payment
of such premium, which receipt shall be by him filed with the papers in the cause.

Legislative History

Source: L. 79: Entire part R&RE, p. 362, � 7, effective July 1.