The proposed bill seeks to amend section 41-606 of the Arizona Revised Statutes, specifically regarding the requirements for the department of veterans' services. Under current law, the department is required to post a corporate surety bond of five hundred thousand dollars, which is conditioned on the faithful discharge of its duties as executor, administrator, conservator, or guardian. This language remains unchanged.
The bill introduces a minor but significant change by replacing the word "upon" with "on" in the bond's condition. This adjustment is a grammatical correction and does not alter the substantive requirements of the bond. Additionally, the bill clarifies that the department shall act without the need for an additional bond in cases where it is appointed as administrator, executor, guardian, or conservator, as authorized under the article, with the court or official having jurisdiction making this determination in their order of appointment.
Statutes affected: Introduced Version: 41-606