§ 33-19-7 - Executor's or administrator's bond to cover application of proceeds of mortgage or sale. - Rhode Island Statutes

SECTION 33-19-7

   § 33-19-7  Executor's or administrator'sbond to cover application of proceeds of mortgage or sale. – Every executor or administrator empowered to sell or mortgage real estate asprovided in § 33-19-3 shall, before making the sale or mortgage, give bondwith a surety or sureties satisfactory to the court that he or she will applythe proceeds of the sale or mortgage to the purposes for which it was made.