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.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.