N.Y. Surrogate's Court Procedure Act § 1910: Bond of fiduciary 1

§ 1910. Bond of fiduciary

1. In any case where the court directs disposition of the property it

may direct the fiduciary to furnish such bond as it may require to

insure the execution of the order and the accounting by the fiduciary of

all moneys received.

2. The court may require a bond notwithstanding that the will

authorized an executor to serve without bond.

3. The court may dispense with a bond or require a bond in a reduced

amount on condition that the proceeds of the disposition be deposited

with a specified bank or trust company, subject to the further order of

the court.