Payment of Bond Premium

  1. Law
  2. Georgia Code
  3. Guardian and Ward
  4. Conservators of Adults
  5. Conservator's Bond and Other Obligations
  6. Payment of Bond Premium

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  1. A conservator who is required to give bond, and who has given as security on the bond one or more licensed commercial sureties, may pay any bond premium from the estate.
  2. When the guardian is required to give bond pursuant to Code Section 29-4-30, the conservator shall, upon the request of the guardian, pay any bond premium from the estate.

(Code 1981, §29-5-44, enacted by Ga. L. 2004, p. 161, § 1; Ga. L. 2019, p. 693, § 20/HB 70.)

The 2019 amendment, effective January 1, 2020, inserted ", upon the request of the guardian," in subsection (b).

Cross references.

- Time limitation on bringing of actions against guardians, § 9-3-27.

Statute of limitations for prosecution for conversion by guardian of property of ward, § 17-3-2.

RESEARCH REFERENCES

ALR.

- Liability of guardian for loss of funds deposited in bank in form which discloses trust or fiduciary character, 90 A.L.R. 641.


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