In re Sears
Opinion of the Court
Section 2815 of the Code of Civil Procedure provides that a testamentary trustee may be required to give security for the performance of his trust, under circumstances which would warrant the exaction of security as a condition precedent to the issuing of letters testamentary to an executor.
Now, it has been held that where a will names two or more persons as its executors, and an objection has been interposed to the grant of letters to one of them and to one only, the issuance of letters should be suspended not only as to him but as to any and all of his co-executors, until the question raised by the objection has been determined (McGregor v. Buel, 24 N. Y., 166).
It would seem to follow that where, as in the case at bar, the circumstances of one of two testamentary trustees are such as not to afford adequate security for the proper discharge of his duties, he cannot be relieved from furnishing a bond merely by establishing that his co-trustee is solvent and responsible.
The prayer of the petition must be granted.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.