Marvin Mandel, Governor                         559

802.    Evidence of Necessity for Guardian of Minor Beneficiary of
the Veterans Administration.

Where a petition is filed for the appointment of a guardian for a
minor who is a Veterans Administration beneficiary, a certificate of
the Administrator or his authorized representative, setting forth the
age of such minor as shown by the records of the Veterans Admin-
istration and the fact that appointment of a guardian is a condition
precedent to the payment of any monies due the minor from the
Veterans Administration shall be prima facie evidence of the neces-
sity for such appointment.

803.    Protection of Veterans Administration Benefits.

When the Veterans Administration is paying or planning to pay
benefits to a person to be protected because of a legal disability or
if such person has an estate which includes assets derived in whole
or in part from benefits paid by the Veterans Administration to the
guardian or his predecessor for the benefit of such person, the court
shall, upon the request of the Veterans Administration, require a
guardian, other than a corporate guardian, to furnish a bond, pre-
ferably a corporate surety bond with sureties approved by the court,
conditioned upon faithful discharge of all duties of the guardianship
according to law. The amount of the bond shall not be less than the
estate derived from Veterans Administration benefits paid to the
guardian or his predecessor and anticipated income of the beneficiary
from the Veterans Administration during the ensuing year, less the
value of securities or money deposited with an insured financial in-
stitution, as defined in Section 301 (g) of this article under arrange-
ments 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 authorization.
The court for good cause shown may at anytime require the amount
of the bond to be changed. Bond premiums shall be charged against
the estate of the beneficiary.

804. Accounts of Guardians of Veterans Administration
Beneficiaries

(a)  Accounts. Every guardian of a beneficiary who is receiving
benefits from the Veterans Administration or whose estate includes
assets derived in whole or in part from benefits paid by the Veterans
Administration to the guardian or his predecessor for the beneficiary
shall, as to such assets, file: (1) Annual accounts 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. (2) A final account
of his administration with the court upon his resignation or removal
or upon the termination of the minority or disability. (3) Inter-
mediate accounts at such times as the court may direct.

(b)  Exhibits. The guardian, at the time of filing any account
with the court, shall exhibit all securities or investments held by him
to the judge or clerk of the court of his appointment who shall
endorse on the account and copy thereof, a certificate that the secur-
ities or investments shown therein as held by the guardian were
each exhibited to him and noting any omission or discrepancy;
provided, that the guardian may exhibit such securities or invest-