Kentucky Statutes 304.21-070 – Premiums on bonds
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Any court or officer whose duty it is to pass upon the account of any person required by law to give a bond may, whenever such person has given any such surety insurer as surety upon the bond, allow in the settlement of such account a reasonable sum for the expense of procuring such surety.
Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 21, sec. 7, effective June 18, 1970.
Effective: June 18, 1970
Terms Used In Kentucky Statutes 304.21-070
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
History: Created 1970 Ky. Acts ch. 301, subtit. 21, sec. 7, effective June 18, 1970.