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This entry was published on 2014-09-22
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SECTION 804
Bond required when assets deposited with bank or trust company serving as co-fiduciary When a bank or trust company is a fiduciary and is...
Surrogate's Court Procedure Act (SCP) CHAPTER 59-A, ARTICLE 8
§ 804. Bond required when assets deposited with bank or trust company

serving as co-fiduciary

When a bank or trust company is a fiduciary and is nominated to serve
or is serving with one or more individual fiduciaries the court may make
an order directing the deposit of assets with the bank or trust company
upon such terms and upon the giving of such bond by the individual
fiduciaries as it deems advisable.