Section 1805. Security

On presentation of the petition, where the value of
  the claim exceeds one thousand dollars, the court shall fix  the  amount
  of  security or additional security, if any, to be given by such general
  or testamentary guardian, committee or  conservator,  for  the  faithful
  performance  of  his  trust,  to  cover the amount of compensation to be
  received by the infant,  incompetent  or  conservatee  because  of  such
  appropriation.  The court shall dispense with the giving of security, on
  facts submitted in the petition, in any case  where  the  surrogate  had
  done   likewise  as  to  such  guardian  under  the  provisions  of  the
  surrogate's  court  procedure  act  with  respect  to  the  property  so
  appropriated.