If the cash and securities that belong to any single fiduciary account exceed the amount of a trust companys stockholders equity or members equity, the court that appoints the trust company to the position of trust may require an indemnity bond from the trust company for the amount of cash and securities that exceeds the stockholders equity or members equity. [Amended by 1973 c.797 191; 1999 c.59 219; 2015 c.244 75]
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