Except as otherwise provided by G.S. 35A-1212.1 and G.S. 35A-1225(a), no general guardian or guardian of the estate shall be permitted to receive the
ward's property until he has given sufficient surety, approved by the clerk, to account
for and apply the same under the direction of the court, provided that if the guardian
is a nonresident of this State and the value of the property received exceeds one
thousand dollars ($1,000) the surety shall be a bond under G.S. 35A-1231(a) executed by a duly authorized surety company, or secured by cash in an amount equal
to the amount of the bond or by a mortgage executed under Chapter 109 of the General Statutes on real estate located in the county, the value of which, excluding all prior liens
and encumbrances, shall be at least one and one-fourth times the amount of the bond;
and further provided that the nonresident shall appoint a resident agent to accept
service of process in all actions and proceedings with respect to the guardianship. The clerk shall not require a guardian of the person who is a resident of North
Carolina to post a bond; the clerk may require a nonresident guardian of the person
to post a bond or other security for the faithful performance of the guardian's duties.
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