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  • SECTION 803
    Deposit of assets to reduce bond 1
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  • ARTICLE 8
    General Provisions Relating to Bonds
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  • SECTION 805
    Bond of administrator, temporary administrator or administrator c
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    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 Act (SCP) CHAPTER 59-A, ARTICLE 8

    § 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 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.