Rule 81, Section 1 — Bond to be given before issuance of letters; Amount; Conditions

Text of the provision

Sec. 1. Bond to be given before issuance of letters; Amount; Conditions. — Before an executor or administrator enters upon the execution of his trust, and letters testamentary or of administration issue, he shall give a bond, in such sum as the court directs, conditioned as follows: (a) To make and return to the court, within three months, a true and complete inventory of all goods, chattels, rights, credits, and estate of the deceased which shall come to his possession or knowledge or to the possession of any other person for him; (b) To administer according to these rules, and, if an executor, according to the will of the testator, all goods, chattels, rights, credits, and estate which shall at any time come to his possession or to the possession of any other person for him, and from the proceeds to pay and discharge all debts, legacies, and charges on the same, or such dividends thereon as shall be decreed by the court; (c) To render a true and just account of his administration to the court within one year, and at any other time when required by the court; (d) To perform all orders of the court by him to be performed.

Rules of Court, Rule 81, Section 1. Reproduced verbatim and verified word-for-word against four independently published renderings of the Rules of Court — only text on which at least two independent publishers agree is shown.