Bond.
Utah Code § 31A-44-504
in effect31A-44-504. Bond.
A court may refuse to make or vacate an order to rehabilitate a provider's facility under this part if the provider posts a bond that is:
(1) in an amount that the court determines is equal to the reserve funding the provider needs to fulfill the provider's obligations under all of the continuing care contracts for the facility;
(2) issued by a recognized surety authorized to do business in the state; and
(3) executed in favor of the state on behalf of any individual entitled to an entrance fee refund or other damages from the provider.
Enacted by Chapter 270, 2016 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title31A/Chapter44/31A-44-S504.html?v=C31A-44-S504_2016051020160510Fetched: 10/26/2026