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Code · Virginia · Title 64.2 · Chapter 5

Code of Virginia § 64.2-554. When distribution may be required; refunding bond.

163 words·~1 min read·/va/title-64-2/chapter-5/64-2-554

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A personal representative shall not be compelled to pay any legacy made in the will or to distribute the estate of the decedent for six months from the date of the order conferring authority on the first executor or administrator of such decedent and, except when it is otherwise specifically provided for in the will, the personal representative shall not be compelled to make such payment or distribution until the legatee or distributee gives a bond, executed by himself or some other person, with sufficient surety, to refund a due proportion of any debts or demands subsequently proved against the decedent or the decedent's estate and of the costs of the recovery of such debts or demands.
Such bond shall be filed and recorded in the clerk's office of the court that may have decreed such payment or distribution or in which the accounts of such representative may be recorded.
Code 1950, § 64-167; 1968, c. 656, § 64.1-177; 2012, c. 614 .
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