Montana § 72-38-702 - Trustee's Bond
Full text of Montana Montana Code Annotated § 72-38-702 — Trustee's Bond, with citation guidance and answers to common questions.
§ 72-38-702. Trustee's Bond
Trustee's bond. (1) A trustee shall give bond to secure performance of the trustee's duties only if the court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with the requirement. (2) The court may specify the amount of a bond, its liabilities, and whether sureties are necessary. The court may modify or terminate a bond at any time. (3) A regulated financial-service institution qualified to do trust business in this state need not give bond, even if required by the terms of the trust.
Frequently Asked Questions About Montana § 72-38-702
What does Montana Code Annotated § 72-38-702 cover?
Section 72-38-702 ("Trustee's Bond") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 72-38-702?
A common citation format is "Montana Code Annotated § 72-38-702" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 72-38-702 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.