Before making an appointment under the provisions of sections 861-879 of this title the court shall be satisfied that the guardian whose appointment is sought is a fit and proper person to be appointed. Upon the appointment being made the guardian shall execute and file a bond to be approved by the court in an amount not less than the sum then due and estimated to become payable during the ensuing year and sufficient to protect the estate and income of the ward. The said bond shall be in the form and be conditioned as required of guardians appointed under the guardianship laws of Puerto Rico. A corporate surety bond shall be furnished where the benefits payable, or the estate of the ward, are in excess of $ 500.00 and where a bond is tendered by a guardian with personal sureties, such sureties shall file with the court a certificate under oath which shall describe the property owned, both real and personal, and that they are each worth the sum named in the bond as the penalty thereof over and above all their debts and liabilities and exclusive of property exempt from execution. The court shall have power from time to time to require the guardian to file an additional bond.
History —Apr. 17, 1936, No. 26, p. 216, § 7.