§ 28A-8-1 Bond required before letters issue; when bond not required
§ 28A-8-1.1 Deposited money; exclusion in computing amount of bond
§ 28A-8-2 Provisions of bond
§ 28A-8-3 Modification of bond requirements
§ 28A-8-4 Failure to give additional bond; letters revoked
§ 28A-8-5 Rights of surety in danger of loss
§ 28A-8-6 Action against obligors on bond of personal representative
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Terms Used In North Carolina General Statutes > Chapter 28A > Article 8 - Bond

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Collector: means any person authorized to take possession, custody, or control of the personal property of the decedent for the purpose of executing the duties outlined in N. See North Carolina General Statutes 28A-1-1
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Executor: A male person named in a will to carry out the decedent
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • Intestate: Dying without leaving a will.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage: includes a deed of trust. See North Carolina General Statutes 28A-1-1
  • oath: shall be construed to include "affirmation" in all cases where by law an affirmation may be substituted for an oath, and in like cases the word "sworn" shall be construed to include the word "affirmed. See North Carolina General Statutes 12-3
  • Oath: A promise to tell the truth.
  • Personal property: All property that is not real property.
  • personal property: shall include moneys, goods, chattels, choses in action and evidences of debt, including all things capable of ownership, not descendable to heirs at law. See North Carolina General Statutes 12-3
  • Personal representative: includes both an executor and an administrator, but does not include a collector. See North Carolina General Statutes 28A-1-1
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
  • Service of process: The service of writs or summonses to the appropriate party.
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
  • Testify: Answer questions in court.
  • Trustee: A person or institution holding and administering property in trust.