Bill number does not exist. Enter a vaild keyword.

Statutes Text

Article - Estates and Trusts


    (a)    A trustee shall give bond to secure performance of the duties of the trustee only if the court:

        (1)    Finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust; and

        (2)    Has not dispensed with the requirement.

    (b)    (1)    The court may specify the amount of a bond, the liabilities of the bond, and whether sureties for the bond are necessary.

        (2)    The court may modify or terminate a bond at any time.

Click to return on the top page