No person other than a bank or trust company shall be guardian of more than five wards at one time, unless all the wards are members of one family. Upon presentation of a petition by an attorney of the veterans administration or other interested person alleging that a guardian is acting in a fiduciary capacity for more than five wards as provided in this section and requesting his or her discharge for that reason, the court, upon proof substantiating the petition, shall require a final accounting forthwith from such guardian and shall discharge him or her from guardianships in excess of five and forthwith appoint a successor.
Source: L. 45: p. 653, § 4. CSA: C. 150, § 55 (4). CRS 53: § 143-3-4. C.R.S. 1963: § 144-3-4. L. 2002: Entire section amended, p. 621, § 126, effective May 24.