Bill > H1491

This bill proposes to amend Chapter 205 of the General Laws, specifically Section 9, concerning surety bonds in probate matters. A surety bond is a guarantee that a person or entity will fulfill their legal obligations, and if they fail to do so, the surety company will cover the damages. Currently, Section 9 states that sureties on these bonds must be residents of the Commonwealth of Massachusetts and acceptable to the judge or register, with an exception for companies authorized under Section 105 of Chapter 175 to act as sureties. This bill, however, does not introduce any new language or changes to the existing law as presented in the provided XML, meaning it would effectively leave the current surety bond requirements for veterans unchanged.