{"jurisdiction": "us-ny", "code": "scpa", "section": "804", "citation": "SCPA § 804", "heading": "Bond required when assets deposited with bank or trust company serving as co-fiduciary When a bank or trust company is a fiduciary and is...", "text": ["§ 804. Bond required when assets deposited with bank or trust company", "serving as co-fiduciary", "When a bank or trust company is a fiduciary and is nominated to serve or is serving with one or more individual fiduciaries the court may make an order directing the deposit of assets with the bank or trust company upon such terms and upon the giving of such bond by the individual fiduciaries as it deems advisable."], "official_source": "https://www.nysenate.gov/legislation/laws/SCP/804", "from_official_api": true, "plain_english": "When a bank or trust company serves as fiduciary with individual co-fiduciaries, the court may **order estate assets deposited with the institution on stated terms and require the individual fiduciaries to post a bond the court considers advisable**. ★", "in_force_on": "2026-05-31", "retrieved": "2026-09-27", "url": "https://elyphived.com/us-ny/scpa/804", "publisher": "Elyphived LLC"}