Section 6A Surety not required on bonds filed by national banks - Massachusetts Statutes

[Text of section effective until July 1, 2011. For text effective July 1, 2011, see below.]

Section 6A. No surety shall be required upon bonds filed by national banks, located in this commonwealth and duly permitted to act in a fiduciary capacity, as executor, administrator, administrator with the will annexed, receiver, assignee, guardian, conservator or trustee under a will or instrument creating a trust for the care and management of property, except that the court appointing such a bank as such a fiduciary, other than as trustee, may upon application of an interested person require the bank so appointed to give such security, in addition to the lien or security provided by the laws of the United States, as the court may consider proper, and upon failure of such bank to give the security required may revoke such appointment and remove such bank.

Chapter 205: Section 6A. Surety not required upon bonds filed by national banks

[Text of section as amended by 2008, 521, Sec. 36 effective July 1, 2011. See 2008, 521, Sec. 44. For text effective until July 1, 2011, see above.]

Section 6A. No surety shall be required upon bonds filed by national banks, located in the commonwealth and duly permitted to act in a fiduciary capacity, as receiver, assignee, guardian, conservator except that the court appointing such a bank as such a fiduciary, other than as trustee, may upon application of an interested person require the bank so appointed to give such security, in addition to the lien or security provided by the laws of the United States, as the court may consider proper, and upon failure of such bank to give the security required may revoke such appointment and remove such bank.