§ 1204 — Separate bonds Except in the counties of Erie and Onondaga the public administrator upon entering upon his duties in every estate the gro...

New York § 1204

• Jurisdiction: New York
• Law SCP: Surrogate's Court Procedure
• Art. 12: Public Administrators In the Counties of Erie, Monroe, Nassau, Onondaga, Suffolk and Westchester and County Treasurers Appointed Administrators

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§ 1204. Separate bonds\n Except in the counties of Erie and Onondaga the public administrator\nupon entering upon his duties in every estate the gross assets of which\nexceed the monetary amount defined as a small estate pursuant to\nsubdivision 1 of section 1301 of this act, shall file a bond in a penal\nsum to be fixed by the court not less than the value of the personal\nproperty and the estimated gross rents for 18 months of the real\nproperty of which the decedent died seized or possessed and of the\nprobable amount to be received by reason of any right of action granted\nto a fiduciary for damages for the wrongful death of the decedent. The\npublic administrator in the counties of Erie and Onondaga shall file a\nbond in every estate in which he shall be appointed or be entitled to\nact pursuant to section 1211 of this article after the effective date of\nthis act in a penal sum fixed by the court to be determined by such\nproof as the court deems proper. The bond must be conditioned that the\npublic administrator or his successor will faithfully discharge the\ntrust reposed in him as such and obey all lawful decrees and orders of\nthe court touching the administration of the estate committed to him.\nThe cost of the bond shall be borne by the estate in each instance.\n