(a) CONDITION OF BOND. Any bond required by the court must be filed on a form maintained by the Register of Wills or a form that is similar in format and content. The condition of the bond is that the conservator must faithfully discharge all duties of the trust according to law and obey any court orders.(b) EXEMPTIONS. (1)Bank or Trust Company. No bond is required from a bank or trust company authorized under District of Columbia or federal law to act as conservator.(2)Temporary Conservator Appointed as Permanent Conservator. If a person appointed as temporary conservator is later appointed permanent conservator, a new bond is not required and the original bond may be increased as necessary.(c) PENALTY. Unless otherwise ordered by the court, the penalty of the bond must be in the amount of the value of the assets (real and personal) of the estate committed to the conservator's control plus estimated annual income, minus the value of any securities deposited under arrangements that require an order of the court for their removal and the value of any real estate that the conservator, by express limitation, lacks the power to sell or convey without prior court authorization.Adopted by Order dated March 4, 2022, effective 8/22/2022.