(a) REQUIREMENT AND AMOUNT. A conservator for the property and estate of an adult must execute a bond with surety approved by the court, conditioned for the faithful performance of such trust, before taking control of any assets of the adult. The penalty of the bond must be in the amount equal to the amount of the personal property, the annual income therefrom and the yearly rents to be derived from the real estate of such estate. Should it become necessary to sell real estate of the estate, the conservator must execute an additional bond in the amount required by the court before accepting the proceeds of the sale.(b) No bond is required from a financial institution, as defined in Section 2(a)(18) of the 21st Century Financial Modernization Act of 2000, effective June 9, 2001 (D.C. Code § 26-551.02(18)) , or a national bank as provided in 12 U.S.C § 92a(f).Sup. Ct. R. D.C. app C R. R. C-2
Adopted by Order dated March 4, 2022, effective 8/22/2022.