(755 ILCS 5/12-6)
(from Ch. 110 1/2, par. 12-6)
Waiver or reduction of bond of representative of ward in
certain cases.) (a) If the primary purpose for the appointment of a
representative of a ward is the sale of the ward's interest in real
estate pursuant to Section 25-4, the court may waive the surety on the
bond of the representative or may fix the amount of the bond in a sum
less than $1,000.
(b) If the primary purpose for the appointment of a representative
of a ward is the proper expenditure of public assistance awarded to the
ward under any Act of the General Assembly of this State, the court may
waive the giving of a bond by the representative.
(c) If (1) the primary purpose for the appointment of a
representative of a ward is the collection, disbursement or
administering of moneys awarded by the Veterans Administration to the
ward, (2) the net value of the ward's estate does not exceed $500,
including accrued unpaid benefits to be received, (3) the benefits to be
received do not exceed $60 per month and (4) substantially all income
will be required for the maintenance of the ward and his dependents, the
court may waive the giving of bond by the representative or may fix the
amount of the bond in a sum less than $500. If the bond has previously
been filed, it may be released upon the conditions prescribed in this
Section upon proper accounting after notice to the Veterans'
Administration Regional Office.
If a bond has been waived or nominal bond only required, an
adequate bond as otherwise required by this Section shall be required
whenever the value of the estate exceeds $500 or for other cause
appearing to the court.
(Source: P.A. 79-328; 79-358; 79-1454.)