The district judge shall at least once each year carefully inquire into the solvency of all the sureties upon the bond of each fiduciary, and if there is reason to believe that any bond is not amply sufficient to protect those interested, he shall at once give notice to the fiduciary that a new bond, or additional surety on the old one, is required, and upon the failure of the fiduciary to give the required bond or surety within a reasonable time fixed by the court, the court shall remove him.
KRS 395.640
Sureties of fiduciaries, inquiry into solvency of additional surety
Applied in 1 court decision — leading case Vaughn v. Webb (1995)
Most recently applied in Vaughn v. Webb (November 1995)
Effective: January 2, 1978 History: Created 1976 (1st Extra
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.