Such refunding bond must be payable to the executor or administrator with the will annexed and must be in double the amount directed to be paid or in double the value of the property to be delivered, to be ascertained by the appraisement or other evidence satisfactory to the court, with at least two sufficient sureties, conditioned to refund the amount paid or to return the property or pay the value thereof, with interest on such amount or value from the time the same was received, should the assets prove insufficient to discharge the other debts presented and charges and other legacies entitled to priority of payment.
Structure Code of Alabama
Title 43 - Wills and Decedents' Estates.
Chapter 2 - Administration of Estates.
Article 18 - Settlements and Distributions.
Division 4 - Compelling Payment of Legacies.
Section 43-2-580 - When Legatee or Widow Entitled to Compel Payment.
Section 43-2-581 - Application.
Section 43-2-582 - Time for Hearing; Notice to Executor or Administrator.
Section 43-2-583 - Conduct of Hearing; When Payment or Delivery Directed.
Section 43-2-584 - Refunding Bond.
Section 43-2-585 - Enforcement of Payment or Delivery.
Section 43-2-586 - Applicability of Sections 43-2-581 Through 43-2-585 to Widow.