A conservator appointed by the court shall give bond with good and sufficient security. A financial institution, trust company, national or state bank, savings bank, or savings and loan association described in Code Section 7-1-242 that seeks to qualify as a conservator is not required to give bond for the faithful performance of its duties […]
The bond of a conservator shall be: Secured by an individual who is a domiciliary of this state or by a licensed commercial surety authorized to transact business in this state; Payable to the court for the benefit of the minor; Conditioned upon the faithful discharge of the conservator’s duty, as is required by law; […]
If the value of the minor’s bonded estate decreases, the court may permit a corresponding reduction in the value of the bond, but this reduction does not affect the liability of the surety for prior waste or misconduct of the conservator. History. Code 1981, § 29-3-42 , enacted by Ga. L. 2004, p. 161, § […]
When it comes to the attention of the court, either by annual return or otherwise: That additional personal property has accrued to the minor by descent, gift, or otherwise or that for any other reason the bond or security of the conservator fails to comply with the minimum statutory bond amount set forth in Code […]
A conservator who is required to give bond, and who has given as security on such bond one or more licensed commercial sureties, may pay any bond premium from the estate. When the guardian is required to give bond pursuant to Code Section 29-2-25, the conservator shall, upon the request of the guardian, pay any […]
If the appointment of a conservator for any cause is declared void, the surety of that conservator shall nevertheless be responsible on the bond for any property received by the conservator. History. Code 1981, § 29-3-45 , enacted by Ga. L. 2004, p. 161, § 1.
The conservator and any surety shall be held and deemed joint and several obligors and may be subjected jointly and severally to liability in the same action. When a conservator moves beyond the limits of this state, dies and leaves an unrepresented estate, or is in such a position that an attachment may be issued […]
When a judgment has been obtained against the conservator or the surety on the bond of a conservator, or both, a levy may be made upon any property of any defendant in fi. fa. The court shall be authorized to enter a judgment and to issue a writ of execution against the conservator and surety […]
In all cases of judgments recovered against a conservator or any surety of a conservator, the execution shall first be levied on the property of the surety and no levy shall be made on the property of the conservator until there is a return of nulla bona as to the surety. History. Code 1981, § […]
The surety on the bond of any conservator or, if the surety is dead, the surety’s personal representative, may at any time petition the court regarding any misconduct of the conservator in the discharge of the conservator’s trust or to show the court its desire for any reason to be relieved as surety. The death […]
