No person other than a bank or trust company shall be guardian of more than five (5) wards at one (1) time, unless all the wards are members of one (1) family.
Upon presentation of a petition by an attorney of the Veterans' Administration or other interested person, alleging that a guardian is acting in a fiduciary capacity for more than five (5) wards as herein provided and requesting his discharge for that reason, the court, upon proof substantiating the petition, shall require a final accounting forthwith from such guardian and shall discharge him from guardianships in excess of five (5) and forthwith appoint a successor.
Structure Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 5 - Fiduciary Relationships
Chapter 66 - Uniform Veterans' Guardianship Act
§ 28-66-102. Administrator as party in interest
§ 28-66-104. Limitation on number of wards
§ 28-66-105. Appointment of guardians
§ 28-66-106. Evidence of necessity for guardian for infant
§ 28-66-107. Evidence of necessity for guardian for incompetent
§ 28-66-110. Petitions and accounts, notices and hearings
§ 28-66-111. Penalty for failure to account
§ 28-66-112. Compensation of guardians
§ 28-66-114. Maintenance and support
§ 28-66-115. Purchase of home for ward
§ 28-66-116. Copies of public records to be furnished
§ 28-66-117. Discharge of guardian and release of sureties
§ 28-66-118. Commitment to Veterans' Administration or other agency of United States Government
§ 28-66-119. Liberal construction
§ 28-66-122. Modification of prior laws