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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 .Signature

SignatureWhereas 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.NameSignature

Address Administrator2.NameSignature

AddressSurety


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