Entry Directing Deposit Of Personal Property In Lieu Of Bond {35.10}

SCPC FORM 35.10 - ENTRY DIRECTING DEPOSIT OF PERSONAL PROPERTY IN LIEU OF BOND AND ORDER TO INVEST FUNDS. This form is used by the Probate Court of Stark County, Ohio when a testamentary trustee, appointed under a decedent’s Last Will and Testament, requests permission to deposit certain trust assets with a financial institution in place of posting a full fiduciary bond. This form allows the court to formally approve the trustee’s request, ensuring that the deposited assets are held securely and not released without a special order from the court. The form also authorizes the trustee to instruct the financial institution to invest and reinvest the deposited funds in accordance with Ohio Revised Code Sections 2109.37 and 2109.371, or according to the investment terms specified in the trust instrument, without needing additional court approval for each transaction. www.FormsWorkflow.com