In re the Estate of Calcagnini
Opinion of the Court
On November 21, 1941, the successor cotrustee filed his bond for $120,000. The corporate surety now seeks its release from liability thereon. The respondent opposes the application on the grounds that the bond was filed less than four months ago; that the premium thereon has been paid; that the surety solicited the writing of this bond; that there is no reason for this application; that the account of his cotrustee and his predecessor trustee was settled at considerable expense to the estate just prior to the filing of the bond; that another accounting after such a short interval will work an expensive and unjust hardship upon the estate, and that, if a surety has an absolute right to such relief, an estate might be compelled unjustly to pay for several accountings a year. He also urges that, if the application be granted, all expenses of the resultant proceedings be borne by the petitioning surety.
Application granted.
Settle order directing the successor trustee to file a new bond within five days after the date of entry of such order.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.