§ 28A-12-3. Qualification and bond. - North Carolina Statutes

§28A‑12‑3.  Qualification and bond.

(a)        The publicadministrator shall qualify and give bond with regard to each estateadministered by him as provided in Article 8 of this Chapter, at the expense ofsuch estate.

(b)        As an alternativeto and in lieu of the bonding requirement provided in subsection (a), theadministrator may, in the discretion of the clerk of superior court, enter intoa single permanent bond, secured by any of the methods provided in G.S. 28A‑8‑2(4),payable to the State of North Carolina, conditioned upon the faithfulperformance of the duties of his office and obedience to all lawful orders ofthe clerk of superior court or other court touching the administration of anyestate committed to him. The amount of the permanent bond shall be determinedby the clerk, based on the total value of all the estates administered by thepublic administrator, and may be increased or decreased from time to time asthe clerk determines is necessary. The expense of the bond shall be borne bythe estates administered by the administrator, as determined by the clerk. (1868‑9,c. 113, ss. 2, 3, 4; Code, ss. 1390, 1391, 1392; Rev., s. 320; 1915, c. 216;C.S., s. 19; 1941, c. 243; 1973, c. 1329, s. 3; 1979, cc. 111, 726.)