Full legislation
s.47
Effect of guarantee
(1) A guarantee given in pursuance of any requirement under section 46 shall ensure for the benefit of every person interested in the administration of the estate of the deceased as if contained in a contract under seal made by the surety or sureties with every such person and, where there are two or more sureties, as if they had bound themselves jointly and severally. (2) No action shall be brought on any such guarantee without the leave of the court. (3) No sureties shall be required where administration is granted to the Official Administrator or to the consular officer of a State to which section 3 of the Consular Conventions Ordinance ( Cap. 267 ) applies or in such other cases as may be prescribed by probate rules and orders. [cf. 1925 c. 49 s. 167(2) U.K.]