28-03-05. Guardian ad litem not to receive ward's money or property until security is given - Exception

28-03-05. Guardian ad litem not to receive ward's money or property until security is given - Exception. No guardian appointed for an infant or for a person of unsound mind under the provisions of this chapter may be permitted to receive any money or other property of the ward except costs and expenses allowed to the guardian by the court, or recovered by the ward in the action, until the guardian has given sufficient security approved by the judge of the court to account for and apply the same under the direction of the court.