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Security Bond For Grant Of Succession Certificate (section 375, Indian Succession Act) - Legal Draft

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Category : Agreements Bonds

Know

All Men that we, JN, s/o Late GP r/o and Mr. NK, s/o r/o

(Surety for Mr. JN) bind ourselves jointly and severally to Shri JP,

Distt. Judge, . for payment to him or his successor in office of the

sum of RsWe

have signed this bond on thisday ofat .Signature.AdministrationSignature.SuretyWhereas

the Court of the said District Judge, Mr. JP, has passed the order on the day

ofand has granted the succession certificates in favour of the said Mr. JN

to the estate of Late JN deceased on the condition that said Mr. JN execute a

bond with one surety of Rs..And

whereas the said Mr. JN has agreed to execute the bond for the said Rs..and

the said Mr. NK has agreed to enter into the above bond as surety for said Mr.

JN.Now

This Bond Witnesses As Under:Now

the condition of the above bond is as under:1.

That

the said Mr. JN shall prepare an inventory of the property of the deceased

within six months form the date of the execution of the bond.2.

That

the accounts of the debtor and creditor shall also be prepared by the said Mr.

JN.3.

That

the said Mr. JN shall indemnify the person who may be entitled to the whole or

any part of such debts.4.

That

if the above condition is satisfied then the bond shall remain in force,

otherwise the bond shall be void.We

the above mentioned parties have signed this bond on this.day of after

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

witnesses.WITNESSES:1.

Name.. Signature ..Address

Successor2.

Name.. Signature ..Address

Surety


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