§560:7-304 Duty to provide bond. A trustee need not provide bond to secure performance of the trustee's duties unless required by the terms of the trust, reasonably requested by a beneficiary or found by the court to be necessary to protect the interests of the beneficiaries who are not able to protect themselves and whose interests otherwise are not adequately represented. On petition of the trustee or other interested person the court may excuse a requirement of bond, reduce the amount of the bond, release the surety, or permit the substitution of another bond with the same or different sureties. If bond is required, it shall be filed in the court of registration or other appropriate court in amounts and with sureties and liabilities as provided in sections 560:3-604 and 560:3-606 relating to bonds of personal representatives. [L 1976, c 200, pt of §1; gen ch 1993]
Rules of Court
Bond, see HPR rule 46.
Section: Previous 560-7-203 560-7-204 560-7-205 560-7-206 560-7-301 560-7-302 560-7-303 560-7-304 560-7-305 560-7-306 560-7-307 560-7-401 560-7-501 560-8-101 560-8-102 NextLast modified: October 27, 2016