Exemption of Trust Entity from, Bond Requirement.
Section 86
SEC. 86. Exemption of Trust Entity from, Bond Requirement. – No bond or other Security shall be required by the court from a trust entity for the faithful performance of its duties as court-appointed trustee, executor, administrator, guardian, receiver, or depositary. However, the court may, upon proper application with it showing special cause therefor, require the trust entity to post a bond or other security for the protection of funds or property confided to such entity. (59)