388.270 Court to approve appointment -- Bond of guardian or conservator.
(1)
(2)
Before making an appointment under the provisions of this chapter, the court shall
be satisfied that the person whose appointment is sought is a fit and proper person
to be appointed. Upon the appointment being made, the guardian or conservator
shall execute and file a bond to be approved by the court in an amount not less than
the estimated value of the personal estate and anticipated income during the ensuing
year. The said bond shall be in the form and be conditioned as required of guardians
and conservators appointed under the general guardianship laws of this state. The
court shall have power from time to time to require the guardian or conservator to
file an additional bond.
Where a bond is tendered by a guardian or conservator with personal sureties, there
shall be at least two (2) such sureties and they shall file with the court a certificate
under oath which shall describe the property owned, both real and personal, and
shall state that they are each worth the sum named in the bond as the penalty thereof
over and above all their debts and liabilities and exclusive of property exempt from
execution. Notwithstanding such tender, the court may require additional security or
may require a corporate surety bond, the premium thereon to be paid from the
ward's estate.
Effective: July 1, 1982
History: Amended 1982 Ky. Acts ch. 141, sec. 121, effective July 1, 1982. -- Created
1942 Ky. Acts ch. 25, sec. 8.
Note. 1980 Ky. Acts ch. 396, sec. 132 would have amended this section effective July 1,
1982. However 1980 Ky. Acts ch. 396 was repealed by 1982 Ky. Acts ch. 141,
sec. 146, also effective July 1, 1982.
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