Sec. 1. A personal representative is not required to execute and file a bond relating to the duties of his office unless:
(1) the will provides for the execution and filing of such a bond; or
(2) the court finds, on its own motion or on petition by an interested person, that a bond is necessary to protect creditors, heirs, legatees, or devisees.
Formerly: Acts 1953, c.112, s.1101; Acts 1971, P.L.408, SEC.1; Acts 1975, P.L.288, SEC.17.
Structure Indiana Code
Chapter 11. Bond of Personal Representative
29-1-11-1. Conditions Requiring Execution and Filing
29-1-11-2. Deposit of Money or Assets; Withdrawal
29-1-11-3. Run to State; Joint and Several Liability; Conflict of Laws
29-1-11-4. Joint Representatives; Personal Representative as Surety
29-1-11-5. Affidavit of Surety; Value of Property
29-1-11-6. Sufficiency; Value of Assets; Evidence of Title
29-1-11-7. Failure to Give Bond; Successor; Revocation of Letters
29-1-11-9. New Bond; Release of Surety; Accounting
29-1-11-10. Breach of Obligation; Damages; Intervention
29-1-11-11. Validity; Bound to Full Extent; Action on Defective Bond