Bill > HB2149

This bill makes a technical correction to Arizona Revised Statutes section 41-606, which governs the Department of Veterans' Services' role as an executor, administrator, guardian, or conservator. The bill modifies the language describing the department's corporate surety bond, changing the phrase "conditioned upon" to "conditioned on" without altering the substantive meaning. The bill maintains the requirement that the department post a $500,000 bond with the secretary of state, which ensures the faithful discharge of its duties when acting on behalf of individuals or estates. The bill also preserves the existing provisions that allow the department to serve without an additional bond in court appointments and permits the court to authorize payment of the bond premium from the assets of each estate, with those funds to be deposited in the state general fund. The change appears to be a minor linguistic adjustment that does not substantively change the department's responsibilities or legal obligations.

https://apps.azleg.gov/BillStatus/BillOverview/81845