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Wills, Probate and Administration Act - Administration Bond Regulations

SOLOMON ISLANDS

WILLS PROBATE AND ADMINISTRATION (Cap 33)

Subsidiary Legislation

THE ADMINISTRATION BOND REGULATIONS
(Section 109)

[16 February 1996]

1. These Regulations may be cited as the Administration Bond Regulations.

2. The prescribed amount for the purposes of section 45 is one thousand dollars.

3. An Administration Bond shall be in a penalty of double the the amount at which the estate of the deceased is sworn unless the court shall in any case think fit to direct that the same shall be reduced, in which case it shall be lawful for the court to direct that more bonds than one shall be given so as to limit the liability of any security to such amount as the court thinks fit.

4. The form of Administration Bond is prescribed in the Schedule hereto.

_____________________

SCHEDULE

ADMINISTRATION BOND

We (1) ....................................................................................................are jointly and severally bound to the High Court of Solomon Islands in the sum of (2)...............................dollars for the payment of which the High Court we bind ourselves and each of us and our executors and administrators.

The Condition of this bond is such if the said
(3)...............................................................................................................the
(4)...............................................................................................................of
(5)...................................................................................................deceased who died on the .......................day .....................19....................and the intended administrator of the estate of the said deceased does, when lawfully required –

(i) make a true inventory of the said estate which has or shall come to his possession or knowledge;

(ii) exhibit the inventory in the High Court;

(iii) fully and truly administer the estate according to law;

(iv) make a true account of the administration;

(v) deliver up the letters of administration to the High Court if it appears the deceased make a will;

then this bond shall be void and of no effect, but shall otherwise remain in full force and effect.

Dated at............................this......................day of.................19.........................

Signed, sealed and
delivered by
in the presence of:

.................................
A Commissioner for Oath.

Notes:

(1) Names and addresses of intended administrator and 2 sureties.

(2) Double the gross value of estate

(3) Name of intended administrator

(4) Relationship of intended administrator to deceased or other capacity entitling him to apply for the grant

(5) Name of deceased.