There is new law named HB 7985/SB 2743 in the state of Rhode Island which affects guardians. The new alterations to the existing law permit waiver of surety on the guardian’s bond despite the worth of the ward’s estate. Before the new modifications, the law required a bond for estates that were worth at least $10,000 or more. The SFAA and AIA worked together to overcome the bill, but they were unsuccessful; it was put through the Senate after 11 hours of the session. HB 7985/SB 2743 became law regardless of the governor who did not sign the bill.
Rhode Island Guardianship Bond Amendment
September 22, 2009 by Eric Weisbrot
Category: Court Bonds, Surety NewsTags: bond requirements, guardianship bond, legislation, Rhode Island, RI, surety bond |
