§8-202. Surety on bond may cite trust officers for accounting
Whenever a surety on a bond has reason to believe that the trust officer has depleted or is wasting or mismanaging the estate, the surety may cite the trust officer before the court as provided in section 3-110. If upon hearing the court is satisfied that the estate held in trust by the trust officer has been depleted, wasted or mismanaged, the court may remove the trust officer and appoint a new trust officer. [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
SECTION HISTORY
PL 2017, c. 402, Pt. A, §2 (NEW). PL 2017, c. 402, Pt. F, §1 (AFF). PL 2019, c. 417, Pt. B, §14 (AFF).
Structure Maine Revised Statutes
Article 8: MISCELLANEOUS PROVISIONS
Part 2: PROCEDURES GOVERNING BONDS
18-C §8-201. Applicability to proceedings on other bonds
18-C §8-202. Surety on bond may cite trust officers for accounting
18-C §8-203. Agreement with sureties for joint control
18-C §8-204. Approval of bond by judge
18-C §8-205. Insufficient sureties
18-C §8-206. Discharge of surety
18-C §8-207. New bonds or removal of principal
18-C §8-208. Reduction of liability where signed by surety company
18-C §8-210. Principal made party in action against surety
18-C §8-211. Proceedings and judgment
18-C §8-212. Limitation of actions on bonds
18-C §8-213. Judicial authorization of actions