§ 35A-1233. Clerk's authority to reduce penalty of bond. - North Carolina Statutes

§35A‑1233.  Clerk's authority to reduce penalty of bond.

When a guardian has disbursedeither income or income and principal of the estate according to law, for thepurchase of real estate or the support and maintenance of the ward or the wardand his dependents or any lawful cause, and when the personal assets and incomeof the estate from all sources in the hands of the guardian have beendiminished, the penalty of the guardian's bond may be reduced in the discretionof the clerk to an amount not less than the amount that would be required ifthe guardian were first qualifying to administer the personal assets andincome. (1987, c. 550, s. 1.)