TESTAMENTARY SYSTEM.
the said executor be residuary legatee, or provided the residuary legatee,
of
full age, or his or her guardian, in case of his or her non-age, shall
notify his
or her consent to the court; and in case such bond be given by an executor,
he
shall be answerable for all debts, claims and damages, recovered against
him as
executor; and if suit be brought against him as executor, the judgment
shall be
for the whole sum found by the jury, or otherwise ascertained, and
execution
may issue, and have effect, as if he were sued in his own right; and
any legatee
shall be entitled to recover the full amount of his legacy, either
in a suit upon
the said executor's bond, or in a suit in chancery, as is usual in
the case of legacies,
or in an action on the case, in which the giving of such bond shall
be
considered as an assent to the legacy.
7. No administrator, entitled to the whole
residue after payment of debts of,
and claims against, the intestate, shall be obliged to return an inventory
or account,
provided he will give bond with such security, and in such penalty,
as
the court shall approve, conditioned for paying all debts, claims and
damages,
which shall be recovered against him, as administrator; and in case
he shall give
such bond, he shall be answerable for all debts, claims and damages
aforesaid,
and judgment may be given, and execution may issue and have effect,
as herein
directed with respect to an executor giving a similar bond.
8. The rules and regulations herein contained,
relative to last wills and codicils,
shall be construed to extend to all cases where the testator or testatrix
shall
die after the time when the operation of this act shall commence, without
regard
to the time of making the will or codicil.
9. Forasmuch as it is the intent of the law
now in force, as well as of this
act, that executors and administrators should suffer no loss from the decrease
of
the estate, and make no gain from the increase, and that, where necessary
for
paying debts, a sale shall take place, and the said executor or administrator
be
accountable for the amount of the sales; in every case where letters testamentary
or of administration have already been granted, and the administration
hath not
been completed, or a final account passed, the rules herein before laid
down, relative
to the duties and powers of executors and administrators, and the remedies
against them, shall govern and prevail with respect to such part of the
administration
as shall remain incomplete at the time when the operation of this act is
to commence; provided nevertheless, that this act shall not be construed
to deprive
any executor or administrator of any right which accrued to him by entering
on his trust, or to exempt any executor or administrator from any remedy
or proceeding against him, which any person is or shall be entitled to
on account
of his not having observed the directions of the law now in force.
10. All rules herein contained, relative to
an executor or administrator, shall
apply and extend to an executrix or administratrix, or executors or administrators,
respectively, unless otherwise expressly provided for; and whenever any
party in
the singular number, or a male party, is mentioned, the rule shall apply
to a
female, or two or more having a joint interest, or jointly concerned, applying
or called upon, so far as the rule can with propriety apply, or so far
as is not
otherwise directed.
11. If any security of an executor or administrator
shall conceive him or herself
in danger of suffering from the suretyship, he may apply to the orphans
court which granted the administration, and the said court may call upon
the
party to give counter security, to be approved by the court; and if the
party so
called on shall not, within a fixed reasonable time, give such counter
security,
the court may order the property remaining in the hands of such executor
or
administrator to be delivered up to such security, and the court may enforce
the
delivery, by process, as hereafter directed; and an inventory of the property
delivered
to such security shall be returned without delay, and the property contained
in such inventory shall be by the said security sold, distributed and
delivered up, as the case may require, under the immediate order of the
court,
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