§5-611. Bond

Link to law: http://legislature.maine.gov/legis/statutes/18-A/title18-Asec5-611.html
Published: 2015

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§5-611. Bond

The public guardian or conservator shall not be required to file bonds in individual
guardianships or conservatorships, but shall give a surety bond for the joint benefit
of the wards or protected persons placed under the responsibility of the public guardian
or conservator and the State of Maine, with a surety company or companies authorized
to do business within the State, in an amount not less than the total value of all
assets held by the public guardian or conservator, which amount shall be computed
at the end of each state fiscal year and approved by the judge of the probate court
for Kennebec County. At no time shall the bond of each of the public guardians or
conservators be less than $500 respectively. [1979, c. 540, §1 (NEW).]


1979, c. 540, §1 (NEW).