(a) A trustee shall give bond to secure performance of the duties of the trustee only if the court: (1) Finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust; and (2) Has not dispensed with the requirement. (b) (1) The court may specify the amount of a bond, the liabilities of the bond, and whether sureties for the bond are necessary. (2) The court may modify or terminate a bond at any time.
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