2005 Vermont Code - § 2301. — Trustees; bond; when required

§ 2301. Trustees; bond; when required

Before entering upon the duties of office, a trustee appointed in a will shall file a petition and give a bond with surety to the probate court for the benefit of persons interested in the trust estate and conditioned for the faithful performance of duties. Unless the court deems it proper to require a bond with surety, only the individual bond of the trustees shall be required in a case in which the testator in the will appointing the trustee has directed that no bond, or a bond without surety, be required. (Amended 1985, No. 144 (Adj. Sess.), § 99.)