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When bond not required - 20 Pa. Cons. Stat. § 5122

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     § 5122.  When bond not required.
        (a)  Guardian named in conveyance.--No bond shall be required
     of a guardian appointed by or in accordance with the terms of a
     will, inter vivos instrument, or insurance contract as to the
     property acquired under the authority of such appointment,
     unless it is required by the conveyance, or unless the court,
     for cause shown, deems it advisable.
        (b)  Corporate guardian.--No bond shall be required of a bank
     and trust company or of a trust company incorporated in the
     Commonwealth, or of a national bank having its principal office
     in the Commonwealth, unless the court, for cause shown, deems it
     advisable.
        (c)  Nonresident corporation.--A nonresident corporation or a
     national bank having its principal office out of the
     Commonwealth, otherwise qualified to act as guardian, in the
     discretion of the court, may be excused from giving bond.
        (d)  Other cases.--In all other cases, the court may dispense
     with the requirement of a bond when, for cause shown, it finds
     that no bond is necessary.

        Cross References.  Section 5122 is referred to in section
     5515 of this title.

Last modified: November 27, 2007