§ 14.5-702
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/md/estates-and-trusts/14-5-702A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§14.5–702.
(a)A trustee shall give bond to secure performance of the duties of the trustee only if the court:
(1)Finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust; and
(2)Has not dispensed with the requirement.
(1)The court may specify the amount of a bond, the liabilities of the bond, and whether sureties for the bond are necessary.
(2)The court may modify or terminate a bond at any time.