North Dakota Statutes
§ 59-15-02 — (702) Trustee's bond
North Dakota § 59-15-02
This text of North Dakota § 59-15-02 ((702) Trustee's bond) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.D. Cent. Code § 59-15-02 (2026).
Text
1.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.
2.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.
3.A bank or trust company qualified to act as a trustee in this state need not give bond,
even if required by the terms of the trust.
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Nearby Sections
15
§ 59-04.2-01
(102) Definitions§ 59-04.2-02
(103) Fiduciary duties - General principles§ 59-04.2-03
(104) Trustee's power to adjust§ 59-04.2-03.1
Judicial control of discretionary power§ 59-04.2-06
(301) When right to income begins and ends§ 59-04.2-07
(302) Apportionment of receipts and disbursements when decedent dies or income interest begins§ 59-04.2-08
(303) Apportionment when income interest ends§ 59-04.2-09
(401) Character of receipts§ 59-04.2-10
(402) Distribution from trust or estate§ 59-04.2-12
(404) Principal receipts§ 59-04.2-13
(405) Rental property§ 59-04.2-14
(406) Obligation to pay moneyCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 59-15-02, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/59-15-02.