A. Before the entry of an order appointing a person as the guardian or limited guardian of the property of an incapacitated or partially incapacitated veteran pursuant to the Veterans Volunteer Guardianship Act is submitted and before the letters of guardianship issue, the court shall require the person to be appointed to provide a bond, in an amount of the value of intangible personal property as alleged in the petition or otherwise determined by the court at the hearing on the petition, plus projected annual income of the subject of the proceeding from all sources, rounded to the nearest One Hundred Dollars ($100.00).
B. The court may waive or reduce the amount of the bond required in subsection A of this section when the guardian's authority does not include management of the property of the subject of the proceeding.
C. The bond shall be provided or reimbursed by the Oklahoma Department of Veterans Affairs, subject to availability of funds, provided the guardian and subject of the proceeding meet the requirements in subsections A and B of Section 4 of this act.
Added by Laws 2019, c. 23, § 5, emerg. eff. April 4, 2019.