Nevada Revised Statutes 159.067 – Bond: Court may require increase, decrease or other change; exoneration of former sureties
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1. The court may at any time, for good cause and after notice to the guardian, increase or decrease the amount of the bond required of a guardian.
Terms Used In Nevada Revised Statutes 159.067
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
2. The court may at any time, where the bond or the sureties are determined to be insufficient or for other good cause, require a guardian to execute and file a new or additional bond. The court may exonerate the sureties on a former bond from any liabilities thereunder arising from the acts or omissions of their principal after such exoneration.