2006 New York Code - Separate Bonds



 
  § 1204. Separate bonds
    Except  in  the counties of Erie and Onondaga the public administrator
  upon entering upon his duties in every estate the gross assets of  which
  exceed  the  monetary  amount  defined  as  a  small  estate pursuant to
  subdivision 1 of section 1301 of this act, shall file a bond in a  penal
  sum  to  be  fixed  by the court not less than the value of the personal
  property and the estimated  gross  rents  for  18  months  of  the  real
  property  of  which  the  decedent  died  seized or possessed and of the
  probable amount to be received by reason of any right of action  granted
  to  a  fiduciary for damages for the wrongful death of the decedent. The
  public administrator in the counties of Erie and Onondaga shall  file  a
  bond  in  every  estate in which he shall be appointed or be entitled to
  act pursuant to section 1211 of this article after the effective date of
  this act in a penal sum fixed by the court  to  be  determined  by  such
  proof  as  the court deems proper. The bond must be conditioned that the
  public administrator or his  successor  will  faithfully  discharge  the
  trust  reposed  in him as such and obey all lawful decrees and orders of
  the court touching the administration of the estate  committed  to  him.
  The cost of the bond shall be borne by the estate in each instance.

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