Administration bonds

(1) Before a probate of a will or letters of administration of any estate is granted, the person applying for such probate or letters of administration shall give a bond to the Chief Justice, conditioned for duly collecting, getting in and administering the real and personal estate of the deceased. (2) The bond shall be given with such surety or sureties and in such form as the Chief Justice may by general or special order direct and shall provide a penalty of double the amount of the probable gross value of the real and personal estate as stated in the petition on which the grant is made or of such other amount as the Chief Justice may direct. (3) Where on application made on motion, or by petition in chambers, it appears to the satisfaction of the court or a judge that any condition of an administration bond has been broken, the court or a judge may by order direct the Registrar to assign the bond to a person named in the order, and the person to whom the bond is assigned shall be entitled by virtue of the order to sue thereon in his own name as if the bond had been originally given to him instead of the Chief Justice and to recover thereon Administration of Estates Act 19 as trustee for all persons interested the full amount recoverable in respect of the breach of the condition thereof. CAP. 199. (4) Nothing in this section shall require the public trustee appointed and acting under the Public Trustee Act to give an (5) The Chief Justice may, in any case in which he thinks it proper to do so, dispense with the bond required by this section, and may do so subject to such conditions as he may think fit.