112                               LAWS OF MARYLAND                          [CH. 4

qualified of those willing to serve. The court may, for good cause,
pass over a person with priority and appoint a person with less pri-
ority or no priority. Non-residence in Maryland shall not disqualify
any person from serving as guardian.

208.  Bond.

(a)    Not mandatory. The court may, but need not, require a nat-
ural person appointed guardian to furnish a bond conditioned upon
faithful discharge of all duties of the guardianship according to law,
with sureties as it shall specify. No bond or other security shall be
required of (i) a corporate guardian, (ii) a guardian named in a will
or inter vivos instrument where the instrument excuses the guard-
ian from giving bond, (iii) a guardian where the estate is less than
$10,000, or (iv) in any other case which the court deems appropriate.

(b)    Amount. If a bond is required, the penal sum shall not be
greater than the aggregate value of the property of the estate in the
guardian's control, less the value of securities or money deposited
with a financial institution, as defined in Section 301 (g) of this
Article, under arrangements requiring an order of the Court for their
removal, and the value of any land which the guardian, by express
limitation of power, lacks powers to sell or convey without court au-
thorization. The Court may, in lieu of sureties on a bond, accept
other security for the performance of the bond, including a pledge
of securities or a mortgage of land. The Court may at any time re-
quire the amount of the bond, or the type or value of security, to be
changed. Bond premiums shall be charged against the property of
the minor or disabled person.

(c)    Terms. The terms of any bond shall be prescribed by the
Maryland Rules.

209.    Inventory and Accounting.

(a)    Inventory. Every guardian, within sixty days after his ap-
pointment, shall prepare and file with the Court a complete inven-
tory of the estate of the minor or disabled person together with his
verification that it is complete and accurate so far as he is informed.
He shall provide a copy thereof to the minor or disabled person, if he
can be located, has reached his sixteenth (16th) birthday, and has
sufficient mental capacity to understand these matters, and to any
parent or guardian of the person with whom the minor or disabled
person resides.

(b)    Accounts. The guardian shall keep suitable records of his
administration and exhibit the same on request of any interested
person. He shall also file annual accountings with each interested
person or with the Court. If he does not file an accounting with the
Court, he shall file with the Court a written verification that he
has delivered the accounting to each interested person. Every
guardian shall account to the Court for his administration upon his
resignation or removal, upon th