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CHAPTER 40 AN ACT TO EXEMPT A GUARDIAN FROM REQUIREMENT OF BOND UNTIL HE RECEIVES THE PROPERTY OF HIS WARD. The General Assembly of North Carolina do enact:
G. S. 33-12 is hereby amended by striking the period at the end of the Section, substituting therefor a semicolon, and adding the following words: provided, however, that when a guardian is appointed for an infant, idiot, lunatic, insane person or inebriate for the purpose of bringing an action on behalf of that infant, idiot, lunatic, insane person or inebriate and when there are no other assets in the wards estate or other assets belonging to the minor in the State of North Carolina, such guardian shall not be required to give sufficient security until such time as the property is turned over to such guardian, at which time the guardian shall give sufficient security approved by a judge or the court to account for and apply the same under the directions of the court.