Arizona § 14-10702 Trustee's bond

Arizona Statutes

§ 14-10702 — Trustee's bond

Arizona § 14-10702

Title 14Arizona Revised Statutes

Ch. 11ARIZONA TRUST CODE

Art. 7Office of Trustee

This text of Arizona § 14-10702 (Trustee's bond) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 14-10702 (2026).

Text

A.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.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.Notwithstanding the terms of the trust, the following are not required to give a bond:

1.A national banking association.

2.A holder of a banking permit under the laws of this state.

3.A savings and loan association authorized to conduct trust business in this state.

4.A title insurance company qualified to do business under the laws of this state.

5.A trust company h

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A. 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. 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. Notwithstanding the terms of the trust, the following are not required to give a bond:

1. A national banking association.

2. A holder of a banking permit under the laws of this state.

3. A savings and loan association authorized to conduct trust business in this state.

4. A title insurance company qualified to do business under the laws of this state.

5. A trust company holding a certificate to engage in trust business from the state superintendent of banks.

6. The public fiduciary.