The Court of Probate may dispense with the requirement of a probate bond as set forth in sections 45a-162 to 45a-169, inclusive, if:

1. (1) The fiduciary is a bank or trust company authorized to do business and maintaining a place of business in this state;
2. (2) the fiduciary is a foreign bank or trust company which has qualified and been approved as such fiduciary;
3. (3) the fiduciary is excused by the will from giving a probate bond; or
4. (4) the Court of Probate determines that a bond is not required for the protection of interested parties.

(1949 Rev., S. 7024; P.A. 73-254; P.A. 80-476, S. 85.)

History: P.A. 73-254 authorized court to waive probate bond requirement if it determines the bond to be unnecessary “for the protection of interested parties”; P.A. 80-476 restated provisions but made no substantive change; Sec. 45-240 transferred to Sec. 45a-169 in 1991.