Page:United States Statutes at Large Volume 79.djvu/743

 79 STAT. ]

PUBLIC LAW 89-183-SEPT. 14, 1965

SUBCHAPTER III—MISCELLANEOUS PROVISIONS RELATING TO EXECUTORS AND ADMINISTRATORS Sec. 20-351. Competency to serve as executor or administrator; determination. 20-352. Persons between 18 and 21 years of age. 20-353. Application for letters; contents; bond; sale of real estate. 20-354. Will proved after letters of administration granted; revocation; pending actions; judgments; accounting; liability. 20-355. Will declared Invalid after distribution; liability. 20-356. Removal of co-executor or co-administrator for negligence or misconduct; complaint; recovery of loss or damage. 20-357. Additional bond; failure to provide; revocation; delivery of assets. 20-358. Counter security; application of surety; delivery of property; inventory; duties and liabilities of surety. 20-359. Accounting by representative of deceased executor or administrator; enforcement. 20-360. Executor of his own wrong. 20-361. Liability of executor or administrator of deceased executor or administrator for waste or conversion. 20-362, Investment of funds. 20-363. Continuing decedent's business; petition and affidavits; accounting; debts as expenses of administration. 20-364. Recordation of executor's and administrator's bond; copies to interested parties; actions on bonds. 20-365. Service on nonresident executor or administrator; failure to give power of attorney. 20-366, Resignation; petition; accounting; liability.

Subchapter I—Executors §20-301. Letters testamentary; oath; corporations (a) When a will or codicil respecting real or personal property has been authenticated and admitted to probate, letters testamentary on the will or codicil shall be issued to the executor named therein, if h e: (1) is legally competent and will accept the trust; executes the bond required by section 20-302; and takes, subscribes, and files an oath that he will administer the estate of the deceased according to law and and will give a just account of his administration when lawfully called to account. (b) The conditions of this section as to bond and oath do not apply to corporations authorized under the District of Columbia laws to act as executors. § 20^02. Bond of executor Before letters testamentary are issued to an executor, other than a local corporation authorized by the laws of the District of Columbia to act as an executor, named m a will or codicil, he shall execute a bond to the United States, with security to be approved by the court, in such penalty as the court requires, with a condition that he will administer according to law and to the will of the testator all his goods, chattels, rights, credits, and the proceeds of all his real estate that may be sold for the payment of his debts or legacies, which, at any time, come to his possession or to the possession of another person for him, and in all other respects faithfully perform the trusts reposed in him. §20-303. Bonds for debts only; removal of executor for waste (a) Where a testator, by last will and testament, requests that his executor be not required to give bond for the performance of his duty, the bond required of the executor shall be in such penalty as the court considers sufficient to secure the payment of the debts due by the testator, of not more than double the value of the personal estate. "Where the bond is less than this sum the court may increase it to require an additional bond if the court deems the bond as given to be insufficient to secure the payment of the debts of the testator.

703

�