Massachusetts General Laws ch. 206 sec. 17 – Expense of procuring surety chargeable on estate
Current as of: 2023 | Check for updates
|
Other versions
Section 17. Money paid with the approval of the judge of probate to a corporation qualified to act in the commonwealth in guaranteeing the fidelity of persons and in acting as surety on bonds, or to any person for acting as surety on any official bond given to such probate court, may be allowed as a charge against the estate and in the case of trusteeship shall be a charge against principal, except that if and so long as the trust estate shall consist wholly of real estate the money so paid shall be a charge against income.
Terms Used In Massachusetts General Laws ch. 206 sec. 17
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Probate: Proving a will