170                                          LAWS OF MARYLAND                           [Ch. 11

(C) NONCORPORATE GUARDIAN - BOND NOT MENTIONED IN
INSTRUMENT - COURT APPOINTMENT.

IN THE CASE OF A NONCORPORATE GUARDIAN,
INCLUDING A SUBSTITUTED OR SUCCESSOR OR REINSTATED
GUARDIAN NOMINATED BY THE COURT OR NOMINATED UNDER AN
INSTRUMENT WHICH IS SILENT AS TO BOND, THE COURT MAY,
SUBJECT TO SUBSECTION (D) OF THIS SECTION, REQUIRE A BOND
IF, IN ITS DISCRETION, IT FINDS IT NECESSARY FOR THE
SAFETY OF THOSE INTERESTED IN THE ADMINISTRATION OF THE
ESTATE.

(D) GUARDIAN ESTATE NOT EXCEEDING $10,000.

IN A GUARDIAN ESTATE CONSISTING ENTIRELY OF CASH,
DEPOSITED AS PROVIDED IN THE RULES, SECURITIES OR REAL
PROPERTY, OR ANY COMBINATION OF THEM WHICH CANNOT BE
TRANSFERRED BY THE GUARDIAN WITHOUT THE APPROVAL OF THE
COURT, NOT EXCEEDING $10,000, THE COURT SHALL NOT REQUIRE
A GUARDIAN TO FURNISH OR CONTINUE IN EFFECT A BOND,
UNLESS EXCEPTIONAL CIRCUMSTANCES ARE SHOWN TO EXIST.

(E)   AMOUNT OF BOND - OTHER SECURITY.

THE PENALTY OF THE BOND SHALL NOT BE GREATER THAN
THE AGGREGATE VALUE OF THE PROPERTY OF THE ESTATE UNDER
THE CONTROL OF THE GUARDIAN, LESS THE VALUE OF SECURITIES
OR MONEY DEPOSITED IN A FINANCIAL INSTITUTION AS DEFINED
IN §13-301(G) 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
POWER TO SELL OR CONVEY WITHOUT COURT AUTHORIZATION. 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, SUBJECT TO THE MAXIMUM PENALTY PROVIDED
BY THIS SECTION, REQUIRE THE AMOUNT OF THE BOND, OR THE
TYPE OR VALUE OF SECURITY, TO BE CHANGED. THE APPROVAL
OF A NEW BOND SHALL NOT DISCHARGE A BOND FILED
PREVIOUSLY FROM ANY LIABILITY WHICH MAY HAVE ACCRUED
BEFORE APPROVAL.

(F)   TERMS.

THE TERMS OF ANY BOND SHALL BE AS PROVIDED BY THE
MARYLAND RULES.

REVISOR'S NOTE: This section presently appears as
Art. 93A, §208. The section is divided into
six subsections for organizational purposes.
The provisions of this section are revised so
that they conform to Maryland Rule V73. The
section is not expanded and revises only those
provisions that are presently contained in