2005 Arizona Revised Statutes - Revised Statutes §14-7304  Duty to provide bond

A trustee need not provide bond to secure performance of his duties unless required by the terms of the trust, reasonably requested by a beneficiary or found by the court to be necessary to protect the interests of the beneficiaries who are not able to protect themselves and whose interests otherwise are not adequately represented. On petition of the trustee or other interested person the court may excuse a requirement of bond, reduce the amount of the bond, release the surety or permit the substitution of another bond with the same or different sureties. If bond is required, it shall be filed in the court of the county where the trust has its principal place of administration, or other appropriate court, in amounts and with sureties and liabilities as provided in sections 14-3604 and 14-3606 relating to bonds of personal representatives.