The court may remove any guardian appointed or approved by it who, by any reason of absence, sickness, insanity or other cause, shall become incapable of executing his or her trust, or who shall neglect or refuse to do the duties thereof, or who shall waste the estate of his or her ward, or who shall neglect or refuse to give a bond or sureties on his or her bond when ordered by the court. The court shall accept the resignation of any guardian after he or she has accounted with the court for the estate of his or her ward in his or her hands.
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