Sec. 16. (a) Except as otherwise provided in this chapter, a corporate fiduciary has the power: (1) to act: (A) in every fiduciary capacity permitted by this article; and (B) as commissioner for the sale of real estate, without bond or other security; and (2) to administer oaths attested by the signature of its secretary or cashier and its seal whenever it is acting in a fiduciary capacity and whenever an individual acting in the same capacity is authorized by law to administer oaths. (b) The court having jurisdiction of a corporate fiduciary may at any time, before or after the corporate fiduciary accepts a fiduciary appointment require the corporate fiduciary to give a bond or other security. If the corporate fiduciary fails to give a bond or security as required, the court may remove the corporate fiduciary and revoke the appointment.
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