General Securities Sales Supervisor (Series10) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the General Securities Sales Supervisor Exam with flashcards and multiple-choice questions. Each question includes hints and explanations to enhance your learning experience. Get exam-ready today!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

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

60 days
90 days
180 days
360 days

The correct answer is: 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.