§ 28A-26-4. Bonds. - North Carolina Statutes

§28A‑26‑4.  Bonds.

(a)        Subject to theexception in subsection (b), any personal representative, including adomiciliary personal representative, who is granted ancillary letters ofadministration in this State must satisfy the bond requirements prescribed inArticle 8 of this Chapter.

(b)        Where a citizen orsubject of a foreign country, or of any other state or territory of the UnitedStates, by will sufficient according to the laws of this State, and dulyprobated and recorded in the proper county, devises to his executor, with powerto sell and convey, real property situated in this State in trust for a personnamed in the will, the power being vested in the executor as such trustee, theexecutor may execute the power without giving bond in this State. (1911,c. 176; C.S., s. 37; Ex. Sess. 1920, c. 86; 1945, c. 652; 1957, c. 320; 1969,c. 1067, ss. 1, 2; 1973, c. 1329, s. 3.)