Printable Format59-1106. Increase or reduction of bond; cancellation. The court, on its own motion or upon application of any interested person, may for good cause require a fiduciary to file a new or additional bond. Thereupon the fiduciary's accounts shall be settled, and if approved the liability of the sureties on such new or additional bond shall be limited to the property then in the possession of the fiduciary, or thereafter acquired by him or her. Whenever the court shall find the bond of a fiduciary is larger than necessary, it may, by order, reduce the liability thereon to the proper amount. It may, by like order, cancel any bond found to be unnecessary.
History: L. 1939, ch. 180, ยง 86; July 1.
Source or prior law:
22-270, 22-272, 22-1006, 22-1007, 38-203, 38-207, 38-222, 39-206.
Cross References to Related Sections:
Procedure, see 59-2201 et seq.
CASE ANNOTATIONS
1. Discussed; foreign corporation cannot serve as testamentary trustee of Kansas testator's estate. In re Estate of Lowe, 155 Kan. 679, 688, 127 P.2d 512.
2. Court has jurisdiction and supervision of trust even if will provides otherwise. In re Estate of Porter, 164 Kan. 92, 99, 187 P.2d 520.