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 must be in the amount of the aggregate capital value of the property of the estate in the conservator’s control, plus 1 year’s estimated income, and minus the value of securities deposited under arrangements requiring an order of the court for their removal and the value of any land that the fiduciary, by express limitation of power, lacks power to sell or convey without court authorization.
(Feb. 28, 1987, D.C. Law 6-204, § 2(a), 34 DCR 632.)
Prior Codifications1981 Ed., § 21-2058.
Editor's NotesUniform Law: This section is based upon § 2-310 of the Uniform Guardianship and Protective Proceedings Act (1982 Act).