STATE OF OKLAHOMA

1st Session of the 53rd Legislature (2011)

HOUSE BILL 1869	By:	Morrissette

AS INTRODUCED

An Act relating to veterans; amending 72 O.S. 2001, Section 126.4, which relates to limitations upon certain guardianships; clarifying language; and providing an effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     AMENDATORY     72 O.S. 2001, Section 126.4, is amended to read as follows:
Section 126.4  No person other than a bank or trust company shall be guardian of more than five (5) wards at one time, unless all the wards are members of one (1) family.  Upon presentation of a petition by an attorney of the U.S. Department of Veterans Administration Affairs or other interested person, alleging that a guardian is acting in a fiduciary capacity for more than five (5) wards as herein provided and requesting his discharge of the guardian for that reason, the court, upon proof substantiating the petition, shall require a final accounting from such the guardian and shall discharge him the guardian from guardianships in excess of five (5) and appoint a successor.
SECTION 2.  This act shall become effective November 1, 2011.

53-1-5831	SDR	12/27/10