Such order must not in any case be made, unless the applicant gives a refunding bond, with two sufficient sureties, to be approved by the judge of probate, payable to the administrator, in double the amount distributed to the applicant or in double the value of his share of the property directed to be distributed, to be ascertained by the appraisement or other evidence and entered of record, and conditioned to refund the amount directed to be paid, or to return the property received on such distribution, or to pay the value thereof and interest on such amount or value from the time the same was received, if the assets are insufficient to discharge the debts and charges against the estate.
Structure Code of Alabama
Title 43 - Wills and Decedents' Estates.
Chapter 2 - Administration of Estates.
Article 18 - Settlements and Distributions.
Division 7 - Distribution Before Settlement.
Section 43-2-640 - Authorization to Make Distribution - Distribution by Executor or Administrator.
Section 43-2-642 - Contents of Application.
Section 43-2-643 - Time for Hearing; Notice.
Section 43-2-644 - When Distribution Made; Limit on Amount.
Section 43-2-647 - Refunding Bonds - Bond Stands as Security; Action on Bond.
Section 43-2-646 - Refunding Bonds - Recordation; Transcript as Evidence.
Section 43-2-645 - Refunding Bonds - Required; Terms and Conditions.
Section 43-2-648 - Refunding Bonds - Rights of Parties Among Themselves.