2109.06 New or additional bond. - Ohio Statutes

2109.06 New or additional bond.

The probate court by which a fiduciary is appointed may, on its own motion or on the application of any interested party, and after notice to the fiduciary, require a new bond or sureties or an additional bond or sureties, whenever, in the opinion of such court, the interests of the trust demand it.

Immediately upon the filing of the inventory by a fiduciary, the court shall determine whether the amount of the bond of such fiduciary is sufficient and shall require new or additional bond if in the opinion of the court the interests of the trust demand it.

When a new bond is required as provided in this section, the sureties in the prior bond shall nevertheless be liable for all breaches of the conditions set forth in such bond which are committed before the new bond is approved by the court.

A fiduciary who fails within the time fixed by the court to furnish new or additional bond or sureties shall be removed and some other person appointed in his stead, as the circumstances of the case require.

Effective Date: 10-01-1953