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2016 Statute



Prev Article 7. - OFFICE OF TRUSTEENext


58a-702.Trustee's bond. (a) A trustee shall give bond to secure performance of the trustee's duties unless otherwise waived or modified by the terms of the trust.

(b) The court may specify the amount of a bond, its liabilities, and whether sureties are necessary. The court may modify or terminate a bond at any time.

(c) A regulated financial-service institution qualified to do trust business in this state need not give bond, even if required by the terms of the trust.

History: L. 2002, ch. 133, § 50; Jan. 1, 2003.



Prev Article 7. - OFFICE OF TRUSTEENext
2017. Powered by KLISS. Rendered: 2017-11-10T11:57:41. Head Rev No: 336904