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2018 Georgia Code 29-5-42 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)
O.C.G.A. 29-5-42 Case Law from Google Scholar Amendments to OCGA 29-5-42

TITLE 29 GUARDIAN AND WARD

Section 5. Conservators of Adults, 29-5-1 through 29-5-140.

ARTICLE 5 CONSERVATOR'S BOND AND OTHER OBLIGATIONS

29-5-42. Reduction in bond.

If the value of the ward'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.

(Code 1981, §29-5-42, enacted by Ga. L. 2004, p. 161, § 1.)

JUDICIAL DECISIONS

Cited in In re Estate of Gladstone, 303 Ga. 547, 814 S.E.2d 1 (2018).

RESEARCH REFERENCES

Am. Jur. 2d.

- 39 Am. Jur. 2d, Guardian and Ward, §§ 67, 188 et seq.

C.J.S.

- 39 C.J.S., Guardian and Ward, §§ 13, 14, 35, 36, 50 et seq., 283 et seq.

ALR.

- Leave of court as prerequisite to action on statutory bond, 2 A.L.R. 563.

Official bond of executor, administrator, guardian, or trustee as covering appeal taken by him, 132 A.L.R. 1280.

Cases Citing O.C.G.A. § 29-5-42

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In re Est. of Gladstone, 814 S.E.2d 1 (Ga. 2018).

Cited 9 times | Published | Supreme Court of Georgia | May 7, 2018

...aw[.]" OCGA § 29-5-41 (a) (2) and (a) (3). In accordance with these statutory guidelines, the bond here obligated Gladstone as indemnitor and Ohio Casualty in the amount of $430,000, which amount represented the value of the ward's estate. See OCGA § 29-5-42 (reduction in bond allowed if value of ward's estate decreases); see also In re Hudson, 300 Ga....
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in Re Est. of Gladstone, 303 Ga. 547 (Ga. 2018).

Cited 7 times | Published | Supreme Court of Georgia | May 7, 2018

...The punitive damages award against Gladstone as conservator is not before this Court. 3 Ohio Casualty in the amount of $430,000, which amount represented the value of the ward’s estate. See OCGA § 29-5-42 (reduction in bond allowed if value of ward’s estate decreases); see also In re Hudson, 300 Ga....