Sch. Cnty. Pa. 1.5B

As amended through February 1, 2024
Rule 1.5B - BONDS AND SECURITY
(a) When the fiduciary is a corporation having fiduciary powers and authorized to do business in the Commonwealth, a bond will not be required unless the Court, upon cause shown, deems it advisable that a bond be filed.
(b) Every application for the approval of a corporation to act as surety shall be accompanied by a statement, sworn to by the president, secretary or authorized agent of the corporation, that it is duly authorized by certificate issued to it by the Insurance Department of this Commonwealth to become surety on all bonds and obligations, that it has filed such certificate together with a copy of its financial statement with the Prothonotary of Schuylkill County in accordance with the rules of the Court of Common Pleas of Schuylkill County and that the certificate is still in full force and effect.
(c) All bonds presented for approval, except those having proper corporate surety, shall be accompanied by an affidavit of each person offered as surety, setting forth his name and residence, and that he is the owner in his individual right in fee simple of real estate located in Schuylkill County having a fair net value, after deducting all liens and encumbrances, in excess of the face amount of the bond upon which he is a surety.
(d) The Court in its discretion may permit interested parties to execute an individual bond, without surety. When interested parties are authorized to execute an individual bond, the Court may direct that the bond to be executed contains a warrant of attorney to confess judgment, with or without default, and that judgment thereon be entered of record in the office of the Prothonotary.

Sch. Cnty. Pa. 1.5B

Amended effective 3/1/2021; amended effective 1/1/2024.