O.C.G.A.

O.C.G.A. § 29-5-42 (2019)

Reduction in bond

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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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.

History

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

Annotations

JUDICIAL DECISIONS Cited in Estate of Gladstone, No. S17G1472, 2018 Ga. LEXIS 292 (May 5, 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.

Notes of Decisions
Cited in 2 cases, 2018–2018 · leading case: in Re Est. of Gladstone, 303 Ga. 547 (Ga. 2018).
in Re Est. of Gladstone, 303 Ga. 547 (Ga. 2018). · cites it 2× “See OCGA § 29-5-42 (reduction in bond allowed if value of ward’s estate decreases); see also In re Hudson, 300 Ga.”
In re Est. of Gladstone, 814 S.E.2d 1 (Ga. 2018). · cites it 2× “" The bond "shall be in an amount equal to the estimated value of the estate if secured by a licensed commercial surety authorized to transact business in this state," OCGA § 29-5-41 (c), and is "[p]ayable to the court for the benefit of the ward" and "[c]onditioned upon the…”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.