Ala. Code § 12-13-33 (1975) Amount of Bond

• Library: Alabama Statutes
• Edition: 2023
• Currency: Current with legislation from the 2023 Regular and Special Sessions.
• Year: 2023
• Citation: Ala. Code § 12-13-33 (1975)

The official bond of the probate judge shall be determined by the use of the following table based on a percentage of the total annual collections recorded in the latest audit report for each office published at least four months prior to the date the bond is required to be filed:

<TABLE border="1"> <TR><TD>TABLE FOR COMPUTING AMOUNT OF BOND</TD> </TR> </TABLE>

<TABLE border="1"> <TR><TD><bold>Annual Collections</bold></TD> </TR> <TR><TD><bold>Over</bold></TD><TD><bold>But Not Over</bold></TD><TD><bold>Amount of Bond</bold></TD><TD><bold>Of Excess Over</bold></TD> </TR> <TR><TD>Zero</TD><TD>$250,000</TD><TD>$25,000 </TD><TD>____</TD> </TR> <TR><TD>$250,000</TD><TD>$1,000,000</TD><TD>$25,000+5%</TD><TD>$250,000</TD> </TR> <TR><TD>$1,000,000</TD><TD> ____ </TD><TD>$62,500+1%</TD><TD>$1,000,000</TD> </TR> </TABLE>