Kentucky HB143 amends the law on fiduciary bonds, specifying who cannot be accepted as surety and detailing the bond filing process.
Kentucky HB143 modifies the requirements for fiduciary bonds. It prohibits the District Court from accepting as surety any master, commissioner, judge, clerk, or practicing attorney of the court. The bill mandates that the bond must be subscribed by the principal and sureties in the presence of a notary and filed by the clerk in a designated record. The bond amount is to be approved by the court in the order of appointment.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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