72-38-702. Trustee's bond. (1) A trustee shall give bond to secure performance of the trustee's duties only if the court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with the requirement.
(2) The court may specify the amount of a bond, its liabilities, and whether sureties are necessary. The court may modify or terminate a bond at any time.
(3) A regulated financial-service institution qualified to do trust business in this state need not give bond, even if required by the terms of the trust.
History: En. Sec. 80, Ch. 264, L. 2013.
Structure Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 38. Montana Uniform Trust Code
72-38-701. Accepting or declining trusteeship
72-38-704. Vacancy in trusteeship -- appointment of successor
72-38-705. Resignation of trustee
72-38-707. Delivery of property by former trustee