§ 14.5-702
Statutes in effect as of October 1, 2026.
Md. Code Ann., Est. & Trusts § 14.5-702 (2026)
Title 14.5. Maryland Trust Act
Subtitle 7. Office of Trustee
§ 14.5-702LinkCopy Citation
(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.