An executor or administrator may also be required to give additional bond and, in default thereof, may be removed and his letters revoked, in the following cases:
(1) When it is shown to the court by his sureties, or either of them, that he has become, or is likely to become, insolvent, and that they have sustained, or probably will sustain, loss thereby.
(2) When his letters have been granted on insufficient security, or the security has become insufficient since the grant, or any of his sureties have died or have removed from the state.
(3) When the penalty of the bond is not sufficient to secure the due performance of the trusts committed to him.
Last modified: May 3, 2021