Legislation

Search OpenLegislation Statutes
This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 1910
Bond of fiduciary 1
Surrogate's Court Procedure Act (SCP) CHAPTER 59-A, ARTICLE 19
§ 1910. Bond of fiduciary

1. In any case where the court directs disposition of the property it
may direct the fiduciary to furnish such bond as it may require to
insure the execution of the order and the accounting by the fiduciary of
all moneys received.

2. The court may require a bond notwithstanding that the will
authorized an executor to serve without bond.

3. The court may dispense with a bond or require a bond in a reduced
amount on condition that the proceeds of the disposition be deposited
with a specified bank or trust company, subject to the further order of
the court.