NORTH CAROLINA GENERAL ASSEMBLY
1979 SESSION

CHAPTER 726
HOUSE BILL 1238

AN ACT TO PROVIDE FOR ALTERNATIVE BONDS FOR PUBLIC ADMINISTRATORS.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 28A-12-3 is amended by designating the language of the present section as subsection (a) and adding a new subsection thereto to read:
"(b)	As an alternative to and in lieu of the bonding requirement provided in subsection (a), the administrator may, in the discretion of the clerk of superior court, enter into a single permanent bond, secured by any of the methods provided in G.S. 28A-8-2(4), payable to the State of North Carolina, conditioned upon the faithful performance of the duties of his office and obedience to all lawful orders of the clerk of superior court or other court touching the administration of any estate committed to him. The amount of the permanent bond shall be determined by the clerk, based on the total value of all the estates administered by the public administrator, and may be increased or decreased from time to time as the clerk determines is necessary. The expense of the bond shall be borne by the estates administered by the administrator, as determined by the clerk."
Sec. 2.  This act is effective upon ratification.
In the General Assembly read three times and ratified, this the 31st day of May, 1979.