If the value of the ward’s bonded estate decreases, the court may permit a corresponding reduction in the value of the bond, but this reduction does not affect the liability of the surety for prior waste or misconduct of the conservator.
History. Code 1981, § 29-5-42 , enacted by Ga. L. 2004, p. 161, § 1.
Structure Georgia Code
Chapter 5 - Conservators of Adults
Article 5 - Conservator’s Bond and Other Obligations
§ 29-5-40. Bond Requirement; Exception to Requirement; Recording
§ 29-5-41. Terms of Conservator’s Bond; Timing; Value; Substantial Compliance Sufficient
§ 29-5-43. Requirement of Additional Bond or Security
§ 29-5-44. Payment of Bond Premium
§ 29-5-45. Liability of Surety in Event Conservatorship Is Void
§ 29-5-46. Joint and Several Liability of Conservator and Surety
§ 29-5-47. Levy Upon Property; Writs of Execution
§ 29-5-48. Order of Levy Against Property
§ 29-5-49. Discharge of Surety From Obligations Under Bond; Reporting
§ 29-5-49.1. Communication With Other States on Conservatorship