4501 - Agreement concerning deposit of assets. - Pennsylvania Statutes

CHAPTER 45 SURETIES Subchapter A. Rights in Administration B. Enforcement of Bond Enactment. Chapter 45 was added June 30, 1972, P.L.508, No.164, effective July 1, 1972. SUBCHAPTER A RIGHTS IN ADMINISTRATION Sec. 4501. Agreement concerning deposit of assets. 4502. Notice. 4503. Participation in administration. 4504. Information from fiduciary; accounting. 4505. Release of surety before discharge of fiduciary. § 4501. Agreement concerning deposit of assets. A fiduciary may agree with his surety for the deposit of any or all moneys or other assets of the estate with a bank or bank and trust company or other depository approved by the court, if such deposit is otherwise proper, on such terms as to prevent the withdrawal of such moneys or other assets without the written consent of the surety, or on order of the court made on such notice to the surety as the court may direct.