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Act No. 190 Section 592

When bond may be dispensed with.

Section 592

SEC. 592. When bond may be dispensed with. — A trustee under a will, except as hereinafter provided, shall be exempt from giving a surety or sureties on his bond, when the testator has ordered or requested such exemption, and any trustee shall, except as hereinafter provided, be so exempt when all persons beneficially interested in the trust, being of full age, request such exemption; but the trustee shall, in all cases, give his own personal bond: Provided, nevertheless, That any trustee either under a will or appointed by the court or judge, who has not given a bond with surety or sureties may be required by the court or judge at any time, when it deems it proper, to give such bond.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER XXVIII →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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