Pennsylvania Consolidated Statutes

DECEDENTS, ESTATES AND FIDUCIARIES (TITLE 20)

CHAPTER 45. SURETIES

Subchapter A. Rights in Administration.

§ 4501. Agreement concerning deposit of assets.
§ 4502. Notice.
§ 4503. Participation in administration.
§ 4504. Information from fiduciary; accounting.

Subchapter B. Enforcement of Bond..

§ 4521. Suits on bonds.
§ 4522. [Repealed.]

§ 4501. Agreement concerning deposit of assets.

A fiduciary may agree with his surety for the deposit of any or all moneys or other assets of the estate with a bank or bank and trust company or other depository approved by the court, if such deposit is otherwise proper, on such terms as to prevent the withdrawal of such moneys or other assets without the written consent of the surety, or on order of the court made on such notice to the surety as the court may direct.

§ 4502. Notice.

Except as otherwise provided by contract, the surety of every fiduciary shall be entitled to written notice by the fiduciary of all accountings and of other court proceedings in which the fiduciary is a party. The fiduciary's failure to give notice hereby required shall not affect the rights or remedies of claimants and other parties in interest against the surety.

§ 4503. Participation in administration.

The surety of a fiduciary may intervene in any proceeding which may affect the liability of the fiduciary and shall have the right to except to and appeal from any action which may affect the fiduciary's liability. When the court has finally determined the liability of the fiduciary, the surety shall not be permitted thereafter to deny such liability in any proceeding to determine or enforce his individual liability, whether or not he received notice of the proceedings which established the liability of the fiduciary.

§ 4504. Information from fiduciary; accounting.

Upon the application of his surety, every fiduciary shall make available to him his complete files and records relating to the administration of the estate. The surety shall have the same right as a party in interest to enforce the filing of a court accounting and the performance of any duty of the fiduciary's office.

Subchapter B. Enforcement of Bond..

§ 4521. Suits on bonds.

Any bond of a fiduciary shall be in the name of the Commonwealth for the use of those interested in the estate. Suit may be brought thereon by any person interested therein, as provided by law.

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