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AZ SB1041

Bill

Status

Introduced

1/14/2019

Primary Sponsor

Kate Brophy McGee

Click for details

Origin

Senate

Fifty-fourth Legislature - First Regular Session (2019)

AI Summary

  • Amends Arizona Revised Statutes section 41-606 regarding the Department of Veterans' Services acting as executor, administrator, guardian, or conservator.

  • Changes the language in subsection A from "conditioned upon" to "conditioned on" regarding the corporate surety bond's terms.

  • Maintains the $500,000 corporate surety bond requirement that the department must post with the secretary of state.

  • Allows the department to act without additional bond in cases where appointed as administrator, executor, guardian, or conservator, as ordered by the court.

  • Authorizes courts to charge each estate for its share of bond premiums, to be paid from estate assets and deposited in the state general fund as determined by the department.

Legislative Description

Technical correction; veterans; conservatorship

Technical Correction

Last Action

Senate read second time

1/15/2019

Full Bill Text

No bill text available