242. The tutor is bound, if the value of the property to be administered exceeds $40,000, to take out insurance or furnish other security to guarantee the performance of his obligations. The kind and object of the security and the time granted to furnish it are determined by the tutorship council. If they have not been determined within six months after the institution of tutorship, they may be determined by the Public Curator.
The tutorship is liable for the costs of the security.
1991, c. 64, a. 242; 2016, c. 4, s. 34; 2020, c. 112020, c. 11, s. 1611.