(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.
Added by Acts 2014, c. 585, § 1, eff. Jan. 1, 2015.