Except as hereinafter provided, every guardian of the estate of a minor shall execute and file a bond which shall be in the name of the Commonwealth, with sufficient surety, in such amount as the court considers necessary, having regard to the value of the personal estate which will come into the control of the guardian, and conditioned in the following form:
(1) When one guardian.--The condition of this obligation is, that if the said guardian shall well and truly administer the estate according to law, this obligation shall be void; but otherwise, it shall remain in force.
(2) When two or more guardians.--The condition of this obligation is, that if the said guardians or any of them shall well and truly administer the estate according to law, this obligation shall be void as to the guardian or guardians who shall so administer the estate; but otherwise, it shall remain in force.
Cross References. Section 5121 is referred to in section 5515 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Section 5101 - When guardian unnecessary
Section 5102 - Power of natural guardian
Section 5103 - Sequestered deposit
Section 5111 - County of appointment
Section 5112 - Persons not qualified to be appointed by the court
Section 5113 - Persons preferred in appointment
Section 5114 - Service of process on nonresident guardian (Repealed)
Section 5115 - Appointment of guardian in conveyance
Section 5121 - Necessity, form and amount
Section 5122 - When bond not required
Section 5123 - Requiring or changing amount of bond
Section 5131 - Grounds and procedure
Section 5141 - Possession of real and personal property
Section 5143 - Abandonment of property
Section 5144 - Powers, duties and liabilities identical with personal representatives
Section 5146 - Guardian named in conveyance
Section 5147 - Proceedings against guardian
Section 5151 - Power to sell personal property
Section 5153 - Provisions identical to other estates
Section 5154 - Title of purchaser
Section 5161 - When accounting filed
Section 5162 - Where accounts filed
Section 5163 - Notice, audits, reviews and distribution
Section 5163.1 - Distribution to personal representative (Repealed)
Section 5164 - Distributions for support and education