The court, upon petition filed by any party, and after notice and hearing, may

1. (1) review the action of the prothonotary in approving or rejecting the security offered;
2. (2) increase or decrease the amount of any bond or require additional security for cause shown;
3. (3) strike off a bond improperly filed; or

4. (4) permit the substitution of a bond and enter an exoneration of a prior bond.

   Official Note

   Adopted August 30, 1965, effective March 1, 1966.