Bond of guardian
Sec. 9. (a) Upon appointment, a guardian shall execute and file
bond to be approved by the court in an amount not less than the
estimated value of the personal estate and anticipated income of the
protected person during the ensuing year. The bond shall be in the
form and be conditioned as required of guardians appointed under
IC 29-3-7. The court may from time to time require the guardian to
file an additional bond. Any bank or trust company organized under
the laws of the state, or of the United States of America, and
operating a bank or trust company, which is located within Indiana,
which is now acting, or which may act as a guardian under this
chapter, is exempt from furnishing the bond required in this
subsection to the same extent and in the same manner as a bank or
trust company, when acting in a fiduciary capacity, is relieved from
filing a bond under the provisions of IC 28-2-7.
(b) Where a bond is tendered by a guardian with personal sureties,
there shall be at least one (1) or more surety or sureties and the
guardian or sureties shall file with the court a certificate under oath
which shall describe the property owned, both real and personal, and
shall state that each is worth the sum named in the bond as the
penalty thereof over and above all the guardian's debts and liabilities
and the aggregate of other bonds on which the guardian is principal
or surety and exclusive of property exempt from execution. The court
may require additional security or may require a corporate surety
bond, the premium thereon to be paid from the ward's estate.
(Formerly: Acts 1953, c.112, s.2009; Acts 1961, c.93, s.1; Acts 1971,
P.L.413, SEC.1.) As amended by Acts 1982, P.L.171, SEC.65;
P.L.33-1989, SEC.46.
Last modified: May 27, 2006