Oklahoma § 72-195 - Bond requirements
Full text of Oklahoma Oklahoma Statutes § 72-195 — Bond requirements, with citation guidance and answers to common questions.
§ 72-195. Bond requirements
A. Before the entry of an order appointing a person as the
guardian or limited guardian of the property of an incapacitated or
partially incapacitated veteran pursuant to the Veterans Volunteer
Guardianship Act is submitted and before the letters of guardianship
issue, the court shall require the person to be appointed to provide
a bond, in an amount of the value of intangible personal property as
alleged in the petition or otherwise determined by the court at the
hearing on the petition, plus projected annual income of the subject
of the proceeding from all sources, rounded to the nearest One
Hundred Dollars ($100.00).
B. The court may waive or reduce the amount of the bond
required in subsection A of this section when the guardian's
authority does not include management of the property of the subject
of the proceeding.
C. The bond shall be provided or reimbursed by the Oklahoma
Department of Veterans Affairs, subject to availability of funds,
provided the guardian and subject of the proceeding meet the
requirements in subsections A and B of Section 4 of this act.
Added by Laws 2019, c. 23, § 5, emerg. eff. April 4, 2019.
Frequently Asked Questions About Oklahoma § 72-195
What does Oklahoma Statutes § 72-195 cover?
Section 72-195 ("Bond requirements") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. 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 Oklahoma § 72-195?
A common citation format is "Oklahoma Statutes § 72-195" (Oklahoma). 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 Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 72-195 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma 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 Oklahoma.