Official Code of Georgia Annotated

Title 29. GUARDIAN AND WARD · Chapter 3. CONSERVATORS OF MINORS · Article 4. BONDING OF CONSERVATORS

29-3-40. Bond required; exception; recording of bonds.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
A conservator appointed by the court shall give bond with good and sufficient security.#
(b)
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 unless its combined capital, surplus, and undivided profits are less than $3 million as reflected in its last statement filed with the Comptroller of the Currency of the United States or the commissioner of banking and finance.#
(c)
The clerk of the court shall record bonds in books kept for that purpose and shall retain custody of the bonds.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 29-3-40, enacted by Ga. L. 2004, p. 161, § 1.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t27-t30-(v22)-2018-pdf.pdf, Volume V22, 2018 edition, page 531; merge action: carried; file SHA-256 62359f240c92.