Delaware Code Title 12 Sec. 3955 – Guardian’s bond
(a) When the proceeds shall be ordered to be paid to or shall otherwise come to the hands of a guardian they shall be within the condition of the guardian‘s bond and the guardian and the guardian’s sureties, both in the original bond and in any additional bond which may be taken, shall be liable for the proceeds in the same manner as for other property of the person with a disability.
Terms Used In Delaware Code Title 12 Sec. 3955
- Court: means the Court of Chancery. See Delaware Code Title 12 Sec. 39A-101
- 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.
- Guardian: is a "guardian of the person" as that term is used in this title. See Delaware Code Title 12 Sec. 39A-101
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(b) In every case of the sale of the real estate of a person with a disability and in every case where the guardian’s liability is or may be increased, the Court of Chancery may require the guardian to give such additional security as may be deemed necessary, by obligation, with surety or sureties, in the same manner and form as original security.
Code 1852, §§ ?1988-1993; Code 1915, §§ ?3934-3936; Code 1935, §§ ?4441, 4443; 12 Del. C. 1953, § ?3956; 57 Del. Laws, c. 402, § ?3; 69 Del. Laws, c. 109, § ?2; 70 Del Laws, c. 186,, § ?1; 78 Del. Laws, c. 179, § ?120;