464-A:21 Bond. –
Upon appointment, the guardian of the person and estate, or the person, or the estate, shall give bond to the probate court, with sufficient sureties, in such sum as the judge shall approve. In the discretion of the judge of probate, a bond without sureties may be given if the gross value of the ward's estate does not exceed $10,000 or the guardianship is only of the person of an incapacitated person or a minor. Unless otherwise determined by the court, the bond must be in the amount of the aggregate capital value of the property of the estate in the guardian's control, plus one year's estimated income, and minus the value of securities or other assets deposited under arrangements requiring an order of the court for their removal and the value of any land which the fiduciary, by express limitation of power, lacks power to sell or convey without court authorization.
Source. 1979, 370:1. 1995, 277:5, eff. Aug. 19, 1995.