Massachusetts General Laws ch. 194 sec. 12 – Accounting to successor administrator or executor
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Section 12. A public administrator shall, upon the appointment and qualification of an executor or administrator as his successor, surrender into the probate court his letters of administration in such case with an account on oath of his doings therein, and, upon a just settlement of such account, shall pay over and deliver to his successor all money remaining in his hands, and all property, effects and credits of the deceased not then administered.
Terms Used In Massachusetts General Laws ch. 194 sec. 12
- Executor: A male person named in a will to carry out the decedent
- Oath: A promise to tell the truth.
- Probate: Proving a will
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.