Section 29A-3-603 - Bond not required without court order, exceptions. - South-dakota Statutes

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29A-3-603. Bond not required without court order, exceptions. Bond is required of a personal representative unless: (a) the will expressly waives bond, directs that there be no bond, or waives the requirement of surety thereon; (b) all of the heirs, if no will has been probated, or all of the devisees file a written waiver of the bond requirement; (c) the personal representative is a bank or trust company qualified to do trust business or exercise trust powers in this state; or (d) the court concludes that bond is not in the best interests of the estate.

Source: SL 1994, ch 232, § 3-603.

State Codes and Statutes

Statutes > South-dakota > Title-29a > Chapter-03 > Statute-29a-3-603

29A-3-603. Bond not required without court order, exceptions. Bond is required of a personal representative unless: (a) the will expressly waives bond, directs that there be no bond, or waives the requirement of surety thereon; (b) all of the heirs, if no will has been probated, or all of the devisees file a written waiver of the bond requirement; (c) the personal representative is a bank or trust company qualified to do trust business or exercise trust powers in this state; or (d) the court concludes that bond is not in the best interests of the estate.

Source: SL 1994, ch 232, § 3-603.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-29a > Chapter-03 > Statute-29a-3-603

29A-3-603. Bond not required without court order, exceptions. Bond is required of a personal representative unless: (a) the will expressly waives bond, directs that there be no bond, or waives the requirement of surety thereon; (b) all of the heirs, if no will has been probated, or all of the devisees file a written waiver of the bond requirement; (c) the personal representative is a bank or trust company qualified to do trust business or exercise trust powers in this state; or (d) the court concludes that bond is not in the best interests of the estate.

Source: SL 1994, ch 232, § 3-603.