General Securities Sales Supervisor (Series 10) Practice Exam 2025 - Free Series 10 Practice Questions and Study Guide

Question: 1 / 400

How many days must pass before a certificate of incumbency for a guardian becomes void if no action is taken?

60 days

A certificate of incumbency for a guardian serves as an essential document confirming the authority of a guardian in managing the affairs of a ward. If no action is taken within a specified period, the certificate becomes void, meaning the guardian can no longer operate under its authority.

In this context, the correct answer indicates that 60 days must pass for the certificate of incumbency to become void. This time frame ensures that guardianship remains effective while also providing a reasonable duration for actions to be undertaken if necessary. The 60-day limit offers a balance between allowing guardians the ability to act and establishing a control mechanism to encourage timely actions regarding the ward's affairs.

While the other options present longer durations, the legal framework surrounding guardianship typically emphasizes a prompt or expedited process to ensure the welfare of the ward, thereby making those options less aligned with standard practices in guardianship laws.

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90 days

180 days

360 days

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