Hometime

Hometime · Alberta legislation

RTA Residential Tenancies Act

RTA · Minors' Property Act

11 Security

Current to 2022-11-16 · Official PDF

(1) Subject to subsections (3) and (4), a person may be
appointed trustee under section 10 only after providing a sufficient

bond or other security for the performance of the person's duties as
trustee.
(2) The bond or other security must be of a nature and value and
subject to terms approved by the Court.
(3) A bond or other security is not required if the trustee, or one of
the trustees, is a trust corporation.
(4) The Court may dispense with the requirement of a bond or
other security if the Court is of the opinion that it would be in the
minor's best interests to do so, having regard to other safeguards
that are or will be in place.