Bond

3B:13A-13. Bond

3B:13A-13. BondThe court may, upon appointing a conservator in order to secure the faithful performance of the duties of his office, require him to furnish bond to the Superior Court in a sum and with proper conditions and sureties having due regard to the value of the estate in his charge and the extent of his authority, as the court shall approve. L.1983, c. 192, s. 1, eff. May 23, 1983.3B:13A-14. Conditions of bondIf a bond is required of a conservator, it shall be conditioned substantially as follows: a. To well and truly take care of the estate of the conservatee and all writings and evidences concerning his real estate and to deliver them to the person or persons who by law are or may be entitled to receive them; b. To improve the real estate to the best advantage and to commit no waste or destruction thereof or thereon; c. To make a just and true account of the rents, issues and profits of the real estate and of the proceeds of the sale of any real estate that may be ordered to be sold; d. To make a just and true account of the expenditures and disbursements of the goods, chattels and personal estate of the conservatee that shall come into his hands; and e. If required by court, to settle those accounts therein within the time so required. L.1983, c. 192, s. 1, eff. May 23, 1983.3B:13A-15. Bond premiumA conservator may include as a part of the lawful expense of executing his trust a reasonable sum, not exceeding 1% per annum on the amount of any bond, paid a company authorized under the laws of this State to become a surety on his bonds, as may be allowed by the court in which he is required to account.

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