When litigation against the estate is pending or is threatened or when notice of a claim has been given to the personal representative, the personal representative may demand that the heirs or beneficiaries give refunding bonds to indemnify the personal representative against the claims. Upon the failure of the heirs or beneficiaries to give such bonds, the personal representative may reserve enough of the assets to respond to the claims.
History. Code 1981, § 53-7-66 , enacted by Ga. L. 1996, p. 504, § 10.
Structure Georgia Code
Title 53 - Wills, Trusts, and Administration of Estates
Chapter 7 - Administration of Estates Generally
Article 6 - Settlement of Accounts
§ 53-7-61. Filing of Petition Upon Termination of Personal Representative
§ 53-7-62. Appearance Before Court; Failure of Personal Representative to Appear; Right to Appeal
§ 53-7-63. Making and Enforcing Final Settlement
§ 53-7-64. Accounting for Income on Property Administered
§ 53-7-65. Recordation of Final Receipts; Admission in Evidence