(a) The court may require a conservator to furnish a bond conditioned upon faithful discharge of all duties of the trust according to law, with sureties as it shall specify. Unless otherwise directed, the bond shall be in the amount of the aggregate capital value of the property of the estate in the conservator's control plus one year's estimated income minus the value of securities deposited under arrangements requiring an order of the court for their removal and the value of any land which the fiduciary, by express limitation of power, lacks power to sell or convey without court authorization. The court in place of sureties on a bond, may accept other security for the performance of the bond, including a pledge of securities or a mortgage of land.
(b) If the public guardian is appointed as a conservator, the court may not require a bond under this section.
(c) If the court requires a conservator to provide a bond under this section and the conservator is financially unable to provide the bond, the court may order the cost of the bond to be paid from court funds.
Section: Previous 13.26.200 13.26.205 13.26.206 13.26.207 13.26.208 13.26.209 13.26.210 13.26.215 13.26.220 13.26.225 13.26.230 13.26.235 13.26.240 13.26.245 13.26.250 NextLast modified: November 15, 2016