Bond of a testamentary trustee or executor acting as trustee Whenever a testamentary trustee is appointed by will or order of the court o... · as in force on May 31, 2026
§ 806. Bond of a testamentary trustee or executor acting as trustee
Whenever a testamentary trustee is appointed by will or order of the court or an executor is appointed who is required to hold, manage or invest real or personal property for the benefit of another, he shall unless the will provides otherwise, execute and file a bond.
Unless the will says otherwise, a testamentary trustee, or an executor required to hold, manage, or invest property for someone else, must execute and file a bond. ★
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.