§ 53-7-168 - (Pre-1998 Probate Code) Demand of refunding bonds from distributees or legatees; effect of failure to comply
O.C.G.A. 53-7-168 (2010)
53-7-168. (Pre-1998 Probate Code) Demand of refunding bonds from distributees or legatees; effect of failure to comply
When litigation against the estate is pending or is threatened or when notice of a claim has been given to the administrator or executor, he may demand that the distributees or legatees give refunding bonds to indemnify him against the claims. Upon the failure of the distributees or legatees to give such bonds, the administrator or executor may reserve enough of the assets to respond to the claims. In no case shall the administrator or executor require a refunding bond from a distributee or legatee when no threatened action or claim renders a bond necessary.