§ 1805. Security. On presentation of the petition, where the value of
the claim exceeds one thousand dollars, the court shall fix the amount
of security or additional security, if any, to be given by such general
or testamentary guardian, committee or conservator, for the faithful
performance of his trust, to cover the amount of compensation to be
received by the infant, incompetent or conservatee because of such
appropriation. The court shall dispense with the giving of security, on
facts submitted in the petition, in any case where the surrogate had
done likewise as to such guardian under the provisions of the
surrogate's court procedure act with respect to the property so
appropriated.