59-1101. Bond requirements and conditions. Every fiduciary, except as otherwise provided in this act, before entering upon the duties of his or her trust shall execute and file a bond, with sufficient sureties, in such amount as the court directs, which amount shall not be less than 125 percent of the value of the personal property and the probable annual income from real estate which shall come into his or her possession, conditioned upon the faithful discharge of all the duties of the trust according to law.
History: L. 1939, ch. 180, ยง 81; July 1.
Structure Kansas Statutes
59-1101 Bond requirements and conditions.
59-1102 Approval and prosecution.
59-1103 Joint or separate bonds.
59-1104 Bond may be excused; court may require at any time.
59-1105 Public, charitable or certain nonprofit corporation trustees; exceptions.
59-1106 Increase or reduction of bond; cancellation.
59-1107 New bond; discharge of surety.
59-1108 Bond requirement for reissuance of certain certificates inapplicable.