15-7-304. 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 registration or other appropriate court in amounts and with sureties and liabilities as provided in sections 15-3-604 and 15-3-606 of this code relating to bonds of personal representatives.
History:
[I.C., sec. 15-7-304, as added by 1971, ch. 111, sec. 1, p. 233.]
Structure Idaho Code
Title 15 - UNIFORM PROBATE CODE
Chapter 7 - TRUST ADMINISTRATION
Part 3 - DUTIES AND LIABILITIES OF TRUSTEES
Section 15-7-301 - GENERAL DUTIES NOT LIMITED.
Section 15-7-302 - TRUSTEE’S STANDARD OF CARE AND PERFORMANCE.
Section 15-7-303 - DUTY TO INFORM AND ACCOUNT TO BENEFICIARIES.
Section 15-7-304 - DUTY TO PROVIDE BOND.
Section 15-7-305 - TRUSTEE’S DUTIES — APPROPRIATE PLACE OF ADMINISTRATION — DEVIATION.
Section 15-7-306 - PERSONAL LIABILITY OF TRUSTEE TO THIRD PARTIES.
Section 15-7-307 - LIMITATIONS ON PROCEEDINGS AGAINST TRUSTEES AFTER FINAL ACCOUNT.