Vermont § 702 - Trustee’s bond
Full text of Vermont Vermont Statutes Online § 702 — Trustee’s bond, with citation guidance and answers to common questions.
§ 702. Trustee’s bond
- (a) A trustee shall give bond to secure performance of the trustee’s duties only if the
Probate Division of the Superior Court finds that a bond is required by the terms
of the trust and the Probate Division of the Superior Court has not dispensed with
the requirement, or the Probate Division of the Superior Court finds by clear and
convincing evidence that a bond is needed to protect the interests of the beneficiaries. (b) The Probate Division of the Superior Court may specify the amount of a bond, its liabilities,
and whether sureties are necessary. The Probate Division of the Superior Court may
modify or terminate a bond at any time. (Added 2009, No. 20, § 1; amended 2009, No. 154 (Adj. Sess.), § 236, eff. February 1, 2011.)
Frequently Asked Questions About Vermont § 702
What does Vermont Statutes Online § 702 cover?
Section 702 ("Trustee’s bond") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 702?
A common citation format is "Vermont Statutes Online § 702" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 702 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.