§ 30-3-3-1 — Order of court; time

In any case where real estate is to be sold under
the orders of any court of competent jurisdiction, and where the law
requires that a bond be given for the faithful accounting of all money
which may come into the custody and possession of the guardian,
trustee, receiver, commissioner or other person appointed by the court
to make such sale, it shall not be necessary for such guardian, trustee,
receiver, commissioner or other person to execute such bond until a
sale of such real estate has been ordered by the court having
jurisdiction, or until such time as the court, in its discretion, may order
and approve for the safeguarding of such assets.
Formerly: Acts 1937, c.178, s.1.