New South Wales Consolidated Acts
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PROBATE AND ADMINISTRATION ACT 1898 - SECT 64
Administration bond to be executed
(1) Every person to whom a grant of administration is made shall, previous to
the issue of such administration, execute a bond to Her Majesty and her
successors with one or more sureties conditioned for duly collecting, getting
in, and administering the personal estate or real and personal estate of the
deceased, which bond shall be in the form directed by the rules.
(2) It shall
not be necessary for the NSW Trustee or for any person obtaining
administration to the use or for the benefit of Her Majesty to execute any
such bond.
(3) No such bond shall be required to be given by or on behalf of
a trustee company, except in respect of estates exceeding $50,000 in value, in
which the Court otherwise orders.
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