Pennsylvania § 7762 - Trustee's bond - UTC 702.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 7762 — Trustee's bond - UTC 702., with citation guidance and answers to common questions.
§ 7762. Trustee's bond - UTC 702.
(a) When required.--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.
(b) Judicial authority.--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.
(c) Institutional trustees.--An institution qualified to do trust business in this Commonwealth need not give bond even if required by the terms of the trust.
(July 15, 2024, P.L.786, No.64, eff. 90 days)
2024 Amendment. Act 64 amended subsecs. (a) and (c). See section 11 of Act 64 in the appendix to this title for special provisions relating to Uniform Trust Code.
Cross References. Section 7762 is referred to in sections 7705, 7780.27 of this title.
Frequently Asked Questions About Pennsylvania § 7762
What does Pennsylvania Consolidated Statutes § 7762 cover?
Section 7762 ("Trustee's bond - UTC 702.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. 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 Pennsylvania § 7762?
A common citation format is "Pennsylvania Consolidated Statutes § 7762" (Pennsylvania). 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 Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 7762 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania 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 Pennsylvania.