58a-702. Trustee's bond.
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/ks/58a-702A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
58a-702. Trustee's bond.
(a)A trustee shall give bond to secure performance of the trustee's duties unless otherwise waived or modified by the terms of the trust.
(b)The court may specify the amount of a bond, its liabilities, and whether sureties are necessary. The court may modify or terminate a bond at any time.
(c)A regulated financial-service institution qualified to do trust business in this state need not give bond, even if required by the terms of the trust.