Administration bond
s 29
29.—(1) Where security is required the registrar shall determine its sufficiency. (2) The security shall ordinarily be by bond in the prescribed form by the grantee and 2 sureties in the amount at which the estate within the jurisdiction is sworn, without deduction of any debts due by the deceased, other than debts secured by mortgage. (3) The court or the registrar may for any sufficient reason increase or decrease the number of the sureties, or dispense with them, or reduce the amount of the bond.[27/2014] (4) Where the Public Trustee has obtained a grant of letters of administration, he shall not be required to give security.[6/2004] (5) When the administrator is entitled to the whole of the estate after payment of the debts, sureties in the bond may ordinarily be dispensed with. (6) Sureties may be required by the registrar to justify. (7) Subject to subsection (8), in the case of administrations whether with or without the will annexed the person to whom the grant is made or on whose behalf it is sealed shall give security for the due administration of the estate.[27/2014] (8) A grantee of letters of administration from a Family Court shall not be required to give security for the due administration of the estate unless —(a) the person for whose use and benefit the grant is made is an infant; or (b) the Family Court thinks fit to require such security.[27/2014]