1. The Laws of New York
  2. Court Acts
  3. Surrogate's Court Procedure
  4. Article 8: General Provisions Relating to Bonds


Section 804 Bond required when assets deposited with bank or trust company serving as co-fiduciary When a bank or trust company is a fiduciary and is...

Surrogate's Court Procedure (SCP)

Bond required when assets deposited with bank or trust company

   serving as co-fiduciary

  When a bank or trust company is a fiduciary and is nominated to serve or is serving with one or more individual fiduciaries the court may make an order directing the deposit of assets with the bank or trust company upon such terms and upon the giving of such bond by the individual fiduciaries as it deems advisable.