§560:3-604  Bond amount; security;
procedure; reduction.  If bond is required and the provisions of the will
or order do not specify the amount, unless stated in the person's application
or petition, the person qualifying shall file a statement under oath with the
registrar indicating the person's best estimate of the value of the personal
estate of the decedent and of the income expected from the personal and real
estate during the next year, and the person shall execute and file a bond with
the registrar, or give other suitable security, in an amount not less than the
estimate.  The registrar shall determine that the bond is duly executed by a
corporate surety, or one or more individual sureties whose performance is
secured by pledge of personal  property, mortgage on real property, or other
adequate security. The registrar may permit the amount of the bond to be
reduced by the value of assets of the estate deposited with a domestic
financial institution (as defined in section 560:6-101) in a manner that prevents
their unauthorized disposition.  On petition of the personal representative or
another interested person the court may excuse a requirement of bond, increase
or reduce the amount of the bond, release sureties, or permit the substitution
of another bond with the same or different sureties. [L 1996, c 288, pt of §1]