Georgia § 29-7-10 - Bond requirements; discharge of surety on bond.
Full text of Georgia Official Code of Georgia Annotated § 29-7-10 — Bond requirements; discharge of surety on bond., with citation guidance and answers to common questions.
§ 29-7-10. Bond requirements; discharge of surety on bond.
A bank or trust company doing business in this state shall not be required to file a bond for any VA guardianship unless required by the department. Any other person serving as a VA guardian shall execute and file a bond, to be approved by the court, in an amount not less than the sum of the value of the estate, other than real property, at the time of the last accounting and funds estimated to become payable during the ensuing year, which bond shall be a security bond made by a solvent and acceptable surety company in the form required for bonds of guardians or conservators appointed under the general guardianship or conservatorship laws and shall be conditioned as are such bonds. After each annual accounting, the court shall review the amount of the bond and shall order such increase or decrease as shall be warranted by the accounting. No reduction in the bond amount shall affect the liability of the surety for past waste or misconduct of the VA guardian. A surety on a bond posted pursuant to this Code section shall not be relieved from liability merely because of the expiration of the term of the bond but shall be subject to provisions of law for discharge of a surety applicable to other bonds. (Code 1981, § 29-7-10 , enacted by Ga. L. 2004, p. 161, § 1.)
Frequently Asked Questions About Georgia § 29-7-10
What does Official Code of Georgia Annotated § 29-7-10 cover?
Section 29-7-10 ("Bond requirements; discharge of surety on bond.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 29-7-10?
A common citation format is "Official Code of Georgia Annotated § 29-7-10" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 29-7-10 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.