§ 33-19-8 - Guardian's bond to cover proceeds of the sale or mortgage. - Rhode Island Statutes

SECTION 33-19-8

   § 33-19-8  Guardian's bond to coverproceeds of the sale or mortgage. – Every guardian empowered to sell or mortgage as provided in this chapter shall,before making the sale or mortgage, give bond with a surety or suretiessatisfactory to the court that he or she will apply the proceeds of the sale ormortgage to the purposes for which the sale or mortgage was authorized, andinvest the proceeds, or the surplus thereof, as the case may be, in suchinvestments as are allowed by law, or in such other manner as the court maydirect.