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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 Acts ch. 396 was repealed by 1982 Ky.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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