CCP 3151 - Security of administrator - Louisiana Statutes

SECTION 6. SECURITY, OATH, AND LETTERS OF

SUCCESSION REPRESENTATIVE

Art. 3151. Security of administrator

Except as otherwise provided by law, the person appointed administrator shall furnish security for the faithful performance of his duties in an amount exceeding by one-fourth the total value of all property of the succession as shown by the inventory or descriptive list.

The court may reduce the amount of this security, on proper showing, whenever it is proved that the security required is substantially in excess of that needed for the protection of the heirs and creditors.