HRS §554D-702
When a trustee must post a bond
A trustee only has to get a bond if a court decides it's needed to protect the people who benefit from the trust, or if the trust document requires it and the court hasn't waived it. The court sets the bond's details and can change or end it. Banks and trust companies don't need bonds.
beneficiariescourtsfinancial institutionstrustees
The statute, as written — Trustee's bond
(a) A trustee shall give bond to secure performance of the trustee's duties only if the court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with the requirement. (b) The court may specify the amount of a bond, its liabilities, and whether sureties are necessary. The court may modify or terminate a bond at any time. (c) A bank or trust company qualified under chapter 412 to do trust business in this State need not give bond, even if required by the terms of the trust.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.