Entry Directing Deposit Of Personal Property In Lieu Of Bond And Order To Invest Funds {4.26}

FORM 4.26 - ENTRY DIRECTING DEPOSIT OF PERSONAL PROPERTY IN LIEU OF BOND AND ORDER TO INVEST FUNDS. This form, is used in the Probate Court of Stark County, Ohio in guardianship cases. It authorizes a court-appointed guardian to deposit a ward’s personal property—such as cash or other financial assets—with a qualified financial institution instead of posting a traditional bond. The order ensures that the deposited assets, including any income they generate, cannot be withdrawn without a special court order. It also permits the guardian to instruct the institution to invest or reinvest the funds in accordance with Ohio Revised Code sections 2109.37 and 2109.371, which regulate fiduciary investments. The financial institution must acknowledge in writing (a "Verification") that it is holding the assets under the court's authority. The form also sets the amount of bond required for the guardian, which may be reduced due to the security provided by the deposit. www.FormsWorkflow.com