§ 19-3.1-4 - Fiduciary bond given by financial institution.
SECTION 19-3.1-4
§ 19-3.1-4 Fiduciary bond given byfinancial institution. – In all cases in which a financial institution shall receive and acceptappointment as executor, administrator, custodian, conservator, or guardian ofany estate, the financial institution shall give bond in the same manner asprovided by law in the case of individuals so appointed. The financialinstitution shall not be required to give surety upon any bond unless someperson pecuniarily interested in the estate, before the bond is given, files awritten request, in the court of probate making the appointment, that bond withsurety be given, in which case the court may require the financial institutionto give bond with surety or sureties satisfactory to the court in the mannerprovided by law in the case of individuals appointed.