Cal. Probate Code § 301 : California Probate Code — General Provisions — Bond; liability Date: 31 Aug 2016 TEXT PDF Current through the 2016 Legislative Session (a) A trust company appointed to act as a personal representative, or guardian or conservator of an estate, may not be required to give a bond. (b) The liability of a trust company and the manner of its making of oaths and affidavits are governed by Article 3 (commencing with Section 1540) of Chapter 12 of Division 1 of, and Section 1587 of, the Financial Code. Ca. Prob. Code § 301