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Current as of March 28, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Georgia Code Title 29. Guardian and Ward § 29-3-40 - last updated March 28, 2024 | https://codes.findlaw.com/ga/title-29-guardian-and-ward/ga-code-sect-29-3-40/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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