388.270 Court to approve appointment -- Bond of guardian or conservator.

222 words·~1 min read·/ky/chapter-388/388-270

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)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.

(2)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.