Maryland Statutes
Subtitle 7 - Office of Trustee
Section 14.5-702 - Bond

(a)    A trustee shall give bond to secure performance of the duties of the trustee only if the court:
        (1)    Finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust; and
        (2)    Has not dispensed with the requirement.
    (b)    (1)    The court may specify the amount of a bond, the liabilities of the bond, and whether sureties for the bond are necessary.
        (2)    The court may modify or terminate a bond at any time.

Structure Maryland Statutes