31-6.1 - Redetermination of guardian's bond. - Virginia Statutes

§ 31-6.1. Redetermination of guardian's bond.

Upon a guardian's request, the clerk shall redetermine the penalty of theguardian's bond in light of any reduction in the current market value of theestate under the guardian's control, whether such reduction is due todisbursements, distributions, valuation of assets, or disclaimer of fiduciarypower, if such reduction is reflected in an accounting that has beenconfirmed by the court or an inventory that has been approved by thecommissioner of accounts. This provision shall not apply to any bond set bythe court.

(1999, c. 16.)