Md. Code, Est. & Trusts § 14.5-702

Current with changes from the 2024 Legislative Session
Section 14.5-702 - Bond
(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.
(b)
(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.

Md. Code, ET § 14.5-702

Added by 2014 Md. Laws, Ch. 585,Sec. 1, eff. 1/1/2015.