Type of Surety bond that guarantees that a fiduciary will fulfill its obligations set forth by law.
Also known as a Judicial Bond. An instrument issued by an insurance company acting as a Surety, that guarantees an individual entrusted with the assets of another party will safeguard the assets and manage them appropriately. Examples: bonds issued for guardians of a minor child or incompetent person.
A surety bond required of executors, trustees and other fiduciaries that guarantees the performance of their duties; also known as a probate bond.
Required of administrators, executors, guardians, committees, etc., guaranteeing faithful performance of duty in accordance with the laws applicable to the trust. Frequently called a probate bond because the bond is customarily filed in a probate court.
A type of surety bond, sometimes called a probate bond, which is required of certain fiduciaries, such as executors and trustees, that guarantees the performance of their responsibilities.
A type of Surety Bond held as a guarantee that a fiduciary will fulfill their obligations.
a type of JUDICIAL BOND that guarantees the performance of a FIDUCIARY.