Oath and Bond

Before the order appointing a guardian takes effect, and before letters issue, the person appointed must take an oath, which must be attached to or endorsed upon his letters, that he will perform the duties of his office as such guardian according to law, and, except as otherwise provided in this Division, must furnish a bond to the ward, with two or more persons or an authorized surety company as surety, to be approved by the judge, and in such sum as required by the order, which sum shall be not less than twice the value of the personal property and twice the value of the probable annual rents, issues and profits of all property belonging to the ward, or, when the bond is given by an authorized surety company, not less than the value of the personal property and the probable annual rents, issues and profits of all property belonging to the ward and conditioned that the guardian will faithfully execute the duties of his trust according to law. Any duly licensed bank or trust company is not required to give oath or furnish bond as herein required. No bond need be required in any case if the value of the ward's estate is less than One Hundred Dollars ($100).