California Probate Code 8543 – Subject to subdivision (b) of Section 8481, the court shall direct …
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Subject to subdivision (b) of Section 8481, the court shall direct that no bond be given in either of the following cases:
(a) The will waives the requirement of a bond and the person named as executor in the will is appointed special administrator.
Terms Used In California Probate Code 8543
- Executor: A male person named in a will to carry out the decedent
- Person: means an individual, corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership, limited liability company, association, or other entity. See California Probate Code 56
- Will: includes codicil and any testamentary instrument which merely appoints an executor or revokes or revises another will. See California Probate Code 88
(b) All beneficiaries waive in writing the requirement of a bond and the written waivers are attached to the petition for appointment of the special administrator. This paragraph does not apply if the will requires a bond.
(Enacted by Stats. 1990, Ch. 79.)