(b) Settlement of account. When such account has been filed, the
court, upon sufficient notice, shall order all persons interested in the
proceedings to attend a settlement of the account at a time and place
specified, and such settlement shall be made and the rights and
liabilities of all parties to the proceeding shall be determined and
enforced. After settlement of the account, the court shall make an order
relieving the surety from any act or omission of the fiduciary
subsequent to the date of such order or the time when a new undertaking
satisfactory to the court was filed, whichever is earlier. Upon written
demand by the fiduciary, the surety shall return any compensation paid
for the unexpired portion of such suretyship.
Structure New York Laws
CVP - Civil Practice Law and Rules
2501 - Undertaking; Definition.
2502 - Surety; Form of Affidavit; Two or More Undertakings; Condition; Acknowledgment.
2503 - Undertaking of More Than One Thousand Dollars; Real Property; Lien.
2504 - Waiver of Undertaking; Removal and Change of Parties.
2505 - Filing of Undertaking; Service Upon Adverse Party; Time When Effective.
2506 - Exception to Surety; Allowance Where No Exception Taken.
2507 - Justification of Surety.
2508 - Motion for New or Additional Undertaking.
2509 - Control of Assets by Agreement With Surety.
2510 - Discharge of Surety on the Undertaking of a Fiduciary.
2512 - Undertaking by the State, Municipal Corporation or Public Officer.
2513 - Action on Undertaking to a Public Officer, Board or Municipal Corporation.