HRS §560:3-603
When a personal representative must post a bond
This section explains when a person managing a deceased person's estate must get a bond. Usually, no bond is needed in informal proceedings, but a court can require one in formal cases. A bond may be waived if the will says so or if the person deposits money with the state.
courtspersonal representatives
The statute, as written — Bond not required without court order, exceptions
(a) No bond is required of a personal representative appointed in informal proceedings, except: (1) Upon the appointment of a special administrator where bond has been requested by an interested party and the court is satisfied that it is desirable; (2) When an executor or other personal representative is appointed to administer an estate under a will containing an express requirement of bond; or (3) When bond is required under section 560:3-605. (b) Bond may be required by court order at the time of appointment of a personal representative appointed in any formal proceeding except that bond is not required of a personal representative appointed in formal proceedings if the will relieves the personal representative of bond, unless bond has been requested by an interested party and the court is satisfied that it is desirable. Bond required by any will may be dispensed with in formal proceedings upon determination by the court that it is not necessary. No bond is required of any personal representative who, pursuant to statute, has deposited cash or collateral with an agency of this State to secure performance of the personal representative's duties.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.