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Administration Bond (section 291, Indian Succession Act) - Legal Draft

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Category : Agreements Bonds

Know

all men that we, RN, s/o Late DN r/o .. and KG s/o SN r/o ..

(surety for Mr. RN) bind ourselves jointly and severally to Shri KN, .

for payment to him or his successor in office of the sum of RsWe

have signed this bond on this.day of..at .SignatureSignatureWhereas

by an order of the Court of the said District Judge, , Mr. KN, made on

the day ofthe said Mr. RN has been appointed administration of the estate

of DN, subject to the condition that said RN enter into a bond of Rs.with a

surety for the same amount for the due collection, getting in and

administration of the estate of the deceased.And

whereas the said Mr. RN has agreed to enter into the above mentioned bond and

the said KG has agreed to enter into bond as security to Mr. RN.Now

this Bond Witnesses as Under :Now

the condition of the above written bond is that if the said Mr. RN do and shall

within six months form the date of granting of the letter of administration of

the estate of Late DN deceased, or such further time as the Court may grant,

exhibit in the said Court of the District Judge an inventory, complete in all

respect, containing a full and true estimate of the estate of the deceased, and

all credits and also all debts owing by any person to which RN is entitled as

administration, and do and shall, within one year form the date of the said

grant, or such further time, as he said court may appoint, exhibit an account

of the estate of the said Late DN (deceased), showing the assets which have

come to his hands and the manner in which they have been applied or disposed

of, and do and shall just and true administration, credits and estate according

to law, and shall deliver and pay to such person or persons, as shall be

lawfully entitled thereto, all the rest and residue of the property, credits

and estate which shall be found remaining upon the said administration account,

then the above written bond shall stand void but otherwise it shall remain in

full force.We

the above noted parties have signed this bond on this.day ofat Lucknow

after fully understanding the contents of this bond in the presence of the

following witnesses.WITNESSES:1.

Name SignatureAddress

Administrator2.

Name SignatureAddress

Surety


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