The surety or the representative of any surety upon the bond of
any trustee, committee, guardian, assignee, receiver, executor
or administrator or other fiduciary, may apply by petition to
the court wherein such bond is filed, or which may have
jurisdiction of such trustee, committee, guardian, assignee,
receiver, executor or administrator or other fiduciary, or to a
judge of said court praying to be relieved from further
liability as surety, for the acts or omissions of the trustees,
committee, guardian, assignee, receiver, executor or
administrator or other fiduciary which may occur after the date
of the order relieving such surety, to be granted as herein
provided for, and to require such trustee, committee, guardian,
assignee, receiver, executor or other fiduciary to show cause
why he
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The surety or the representative of any surety upon the bond of
any trustee, committee, guardian, assignee, receiver, executor
or administrator or other fiduciary, may apply by petition to
the court wherein such bond is filed, or which may have
jurisdiction of such trustee, committee, guardian, assignee,
receiver, executor or administrator or other fiduciary, or to a
judge of said court praying to be relieved from further
liability as surety, for the acts or omissions of the trustees,
committee, guardian, assignee, receiver, executor or
administrator or other fiduciary which may occur after the date
of the order relieving such surety, to be granted as herein
provided for, and to require such trustee, committee, guardian,
assignee, receiver, executor or other fiduciary to show cause
why he should not account and such surety be relieved from such
future liability, as aforesaid, and such principal be required
to give a new bond, and thereupon, upon the filing of such
petition, the court, or a judge thereof, shall issue such order,
returnable at such time and place, and to be served in such
manner, as such court or judge may direct, and may restrain such
trustee, committee, guardian, assignee, receiver, executor or
administrator or other fiduciary from acting, except in such
manner as it may direct to preserve the trust estate; and upon
the return of such order to show cause, if the principal in the
bond account in due form of law and file a new bond duly
approved, then such court or judge must make an order releasing
such surety filing the petition, as aforesaid, from liability
upon the bond for any subsequent act or default of the
principal, and in default of such principal thus accounting and
filing such new bond, such court or judge must make an order,
directing such trustee, committee, guardian, assignee, receiver,
executor or administrator or other fiduciary to account in due
form of law, and that if the trust fund or estate shall be
satisfactorily accounted for and delivered or properly secured,
such surety shall be discharged from any and all further
liability as such, for the subsequent acts or omissions of the
trustee, committee, guardian, assignee, receiver, executor or
administrator or other fiduciary, after the date of such surety
being so relieved and discharged, and discharging such trustee,
committee, guardian, assignee, receiver, executor or
administrator.