26-17.10 - Miscellaneous.
§ 26-17.10. Miscellaneous.
A. The commissioner shall state, settle and report to the court an account ofthe transactions of such fiduciary, as provided by law. Every such fiduciaryshall also, at the request of the commissioner, exhibit (i) the securitiesheld by the fiduciary together with a statement from every bank in which cashis held at the terminal date of the account and (ii) proof that all premiumsdue upon any required surety bond have been paid.
B. If a personal representative of a decedent's estate, a testamentarytrustee, a guardian, conservator or a committee dies prior to the filing andsettlement of such fiduciary's account, the personal representative of thefiduciary's estate shall have the obligation to make the requisite filing andsettlement through the date of death unless any successor fiduciary makes therequisite filing.
C. For fiduciaries acting on behalf of social security, supplemental securityincome, veteran's or other federal benefits recipients, no accounting to thecommissioner shall be required of benefits paid to a designatedrepresentative on behalf of the recipient if the representative is otherwiserequired to account for such benefits. However, any such fiduciary otherwiserequired to make an accounting to the commissioner shall disclose thereon thetotal amount of such benefits received during the accounting period for whichno incremental fee shall be charged by the commissioner.
(1993, c. 689; 1997, c. 801; 1999, c. 108; 2000, c. 324.)