<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 29A-5-111 - Filing of acceptance and bond--Amount of bond--Notice of nonrenewal. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2052238Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2052238SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2052238CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2052238Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2052238DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2052238Normal-000001 { text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } p.s2052238Normal-000002 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2052238000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2052238SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2052238SCL-000004 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2052238Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=29A-5-111"><span class="s2052238SENU">29A-5-111</span></a><span xml:space="preserve" class="s2052238SENU">. </span><span class="s2052238CL">Filing of acceptance and bond--Amount of bond--Notice of nonrenewal.</span></p><p dir="ltr" class="s2052238Normal-000000"><span class="s2052238DefaultParagraphFont">The appointment of a guardian or conservator does not become effective nor may letters of guardianship or conservatorship issue until the guardian or conservator has filed an acceptance of office and any required bond.</span></p><p dir="ltr" class="s2052238Normal-000001"><span class="s2052238DefaultParagraphFont">The court may not require the filing of a bond by a guardian except for good cause shown.</span></p><p dir="ltr" class="s2052238Normal-000001"><span class="s2052238DefaultParagraphFont">The court shall determine whether the filing of a bond by a conservator is necessary. In determining the necessity for or amount of a conservator's bond, the court shall consider:</span></p><p dir="ltr" class="s2052238Normal-000002"><span class="s2052238DefaultParagraphFont">(1)    The value of the personal estate and annual gross income and other receipts within the conservator's control;</span></p><p dir="ltr" class="s2052238Normal-000002"><span class="s2052238DefaultParagraphFont">(2)    The extent to which the estate has been deposited under an arrangement requiring an order of court for its removal;</span></p><p dir="ltr" class="s2052238Normal-000002"><span class="s2052238DefaultParagraphFont">(3)    Whether an order has been entered waiving the requirement that accountings be filed and presented or permitting accountings to be filed less frequently than annually;</span></p><p dir="ltr" class="s2052238Normal-000002"><span class="s2052238DefaultParagraphFont">(4)    The extent to which the income and receipts are payable directly to a facility responsible for or which has assumed responsibility for the care or custody of the minor or protected person;</span></p><p dir="ltr" class="s2052238Normal-000002"><span class="s2052238DefaultParagraphFont">(5)    Whether a guardian has been appointed, and if so, whether the guardian has presented reports as required;</span></p><p dir="ltr" class="s2052238Normal-000002"><span class="s2052238DefaultParagraphFont">(6)    Whether the conservator was appointed pursuant to a nomination which requested that bond be waived; and</span></p><p dir="ltr" class="s2052238Normal-000002"><span class="s2052238DefaultParagraphFont">(7)    Any other factors which the court deems appropriate.</span></p><p dir="ltr" class="s2052238Normal-000001"><span class="s2052238DefaultParagraphFont">Any required bond shall be with such surety and in such amount and form as the court may order. The court may order additional bond or reduce bond whenever it considers such modification to be in the best interests of the minor, the protected person, or the estate.</span></p><p dir="ltr" class="s2052238Normal-000001"><span class="s2052238DefaultParagraphFont">The surety or sureties of the bond must immediately serve notice to the court and to the minor, the protected person, or the estate if the bond is not renewed by the guardian or conservator.</span></p><p dir="ltr" class="s2052238Normal"><span xml:space="preserve" class="s2052238000003"> </span></p><p dir="ltr" class="s2052238Normal"><span class="s2052238SCL">Source:</span><span xml:space="preserve" class="s2052238SCL-000004"> SL 1993, ch 213, § 11; SL 1994, ch 233, § 2; SDCL § 30-36-11; SL 1995, ch 167, § 181; SL 2016, ch 120, § 40.</span></p></div></body></html>