Bond of fiduciary 1 · as in force on May 31, 2026
§ 1910. Bond of fiduciary
1. In any case where the court directs disposition of the property it may direct the fiduciary to furnish such bond as it may require to insure the execution of the order and the accounting by the fiduciary of all moneys received.
2. The court may require a bond notwithstanding that the will authorized an executor to serve without bond.
3. The court may dispense with a bond or require a bond in a reduced amount on condition that the proceeds of the disposition be deposited with a specified bank or trust company, subject to the further order of the court.
The court may require a fiduciary’s bond securing the disposition and accounting, even if the will waives bond, or reduce or waive it if proceeds stay in a court-controlled bank account. ★
Marked in the text: penalties, time limits, sums of money. Editorial emphasis added by this edition; it does not appear in the statute as enacted.
This provision appears in Volume 1 — The Surrogate's Court in Plain English; Volume 2 — The Surrogate's Court Procedure Act; Volume 5 — Your Career: Surrogate's Court in Plain English.