1. (a) The court, at the time of appointment or later, on its own motion or on petition of the protected person or other person approved by the court, may:

   1. (1) confer upon the guardian any additional responsibilities and powers;
   2. (2) increase or decrease the bond of the guardian to satisfy the requirements of IC 29-3-7-1 ; or
   3. (3) limit the responsibilities and powers of the guardian otherwise conferred by this article and create a limited guardianship.
2. (b) However, all limitations must be endorsed on the guardian's letters. Following the same procedure, a limitation may be removed or modified and appropriate revised letters issued.

As added by P.L.169-1988, SEC.1.