§ 15-12-603 — Bond not required without court order - exceptions

Colorado § 15-12-603

• Jurisdiction: Colorado
• Title 15: Probate,
• Art.: Probate of Wills and Administration

Text

(1) No bond
is required of a personal representative appointed in informal proceedings, except:

(a) Upon the appointment of a special administrator;

(b) When an executor or other personal representative is appointed to
administer an estate under a will containing an express requirement of bond; or

(c) When bond is required under section 15-12-605.

(2) Bond may be required by court order at the time of appointment of a
personal representative appointed in any formal proceeding; except that bond is
not required of a personal representative appointed in formal proceedings if the will
relieves the personal representative of bond, unless bond has been requested by an
interested party and the court is satisfied that it is desirable. Bond required by any
will may be dispensed with in formal proceedings upon determination by the court
that it is not necessary. No bond is required of any personal representative who,
pursuant to statute, has deposited cash or collateral with an agency of this state to
secure performance of his duties.

Legislative History

Source: L. 73: R&RE, p. 1580, � 1. C.R.S. 1963: � 153-3-603. L. 77: Entire section R&RE, p. 848, � 1, effective July 1.