Section 6: Surety required upon bonds filed by bank as fiduciary
78 words·~1 min read·
/ma/part-i/title-xxii/chapter-167g/6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 6. No surety shall be required upon the bonds filed by such bank as fiduciary except that the court making such an appointment other than of a trustee, may, upon application by an interested person, require the bank so appointed to give such security, in addition to that provided by section nine as the court may consider proper, and upon failure of such bank to give the security required, may revoke such appointment and remove such bank.