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Minnesota Statutes Judiciary (Ch. 480-494) § 481.21. Bond counsel fees

Current as of January 01, 2023 | Updated by FindLaw Staff

An attorney-at-law performing services as bond counsel for the state, a state agency, or a political subdivision of the state shall be paid a fair and reasonable attorney's fee, based on the following factors:

(1) the time and labor required;

(2) the experience and knowledge of the attorney;

(3) the complexity and novelty of problems involved;

(4) the extent of the responsibilities assumed and the results obtained; and

(5) the sufficiency of assets properly available to pay for the services.

The fee must not be based primarily on a percentage of the amount of the bonds or obligations sold.

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Cite this article: FindLaw.com - Minnesota Statutes Judiciary (Ch. 480-494) § 481.21. Bond counsel fees - last updated January 01, 2023 | https://codes.findlaw.com/mn/judiciary-ch-480-494/mn-st-sect-481-21/

Read this complete Minnesota Statutes Judiciary (Ch. 480-494) § 481.21. Bond counsel fees on Westlaw. Westlaw subscription required.

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