Section 12-13-33 Amount of bond.
Section 12-13-33
Amount of bond.
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 FOR COMPUTING AMOUNT OF BOND | |
| Annual Collections | |||
|---|---|---|---|
| Over | But Not Over | Amount of Bond | Of ExcessOver |
| Zero | $250,000 | $25,000 | … |
| $250,000 | $1,000,000 | $25,000+5% | $250,000 |
| $1,000,000 | — | $62,500+1% | $1,000,000 |
(Acts 1933, Ex. Sess., No. 191, p. 203; Code 1940, T. 41, §87; Acts 1986, Ex. Sess., No. 86-682, p. 76.)