Chapter 25. to amend the law relating to the bonds of executors in the District of Columbia
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/statutes-at-large/vol-24/chapter-25-1514891·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 25.— An Act to amend the law relating to the bonds of executors in the District of Columbia.Jan. 17, 1887. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Bond of executors. That whenever hereafter a testator shall, by last will and testament, request that his executor or executors be not required to give, bond for the-performance of his or their duty as such executor or executors, then and in such case theHow regulated. bond required of such executor or executors shall be in such penalty as the court may consider sufficient to secure the payment of the debts due by said testator; and said bond shall be. conditioned accordingly, and shall be in no other or greater penalty: *Provided, however*, That the*Provisos*.Not to exceed double value of estate. penalty of this bond shall not exceed double the value of the estate; and when less than this sum, may be increased, or an additional bond be required, whenever it shall be made to appear to the court that the bond as given is insufficient to secure the payment of the debts of the testator: *And provided further*, That whenever any creditor or distributedCourt may require additional bond, or remove executor in case of waste.[[R.
S., D. C., p. 114](/us/rs/dc/p/p114).] or legatee entitled to take under the said will shall make it appear to the court that any executor who has given such bond only as is herein provided for is wasting the assets of the estate, or that the assets in the hands of such executor are in danger of being lost, wasted, or misappropriated, then and in such case the court shall have power to remove said executor or require him to give additional bond, with security in penalty sufficient to secure the interests of all the creditors and distributees or legatees entitled to take as aforesaid, and conditioned accordingly; and on his failure to give bond or bonds as aforesaid, as required by the court, within a time named by such court, bis letters testamentary shall be revoked forthwith.
Sec. 2. That any will hereafter executed devising real estate in theAfter-acquired real estate may be devised by will. District of Columbia from winch it shall appear that it was the intention of the testator to devise property acquired after the execution of the will, shall be deemed, taken and held to operate as a valid devise of all such property. Approved, January 17, 1887.