Page:United States Statutes at Large Volume 76A.djvu/696

From Wikisource
Jump to: navigation, search
This page needs to be proofread.

–600–

-600§ 1425. Investment of moneys of estate pending settlement Pending the settlement of an estate, on the petition of a person interested therein, and upon good cause shown therefor, the court may order any money in the hands of the executors or administrators to be invested for the benefit of the estate in securities of the United States or in federally guaranteed savings and loan associations or in such other securities as the court approves and allows. The clerk shall set the petition for hearing by the court and cause a notice of the time and place of hearing thereof to be posted at the courthouse of the division where the proceedings are pending, at least 10 days before the day of hearing, giving the name of the estate, the name of the petitioner and the nature of the application, referring to the petition for further particulars. At least 10 days before the time set for the hearing of the petition, the petitioner shall cause notice of the time and place of hearing thereof to be mailed to the executor or administrator, when he is not the petitioner, to any coexecutor or coadministrator not petitioning, and to all persons (or to their attorneys, if they have appeared by attorney), who have requested notice or who have given notice of appearance in the estate in person or by attorney, as heir, devisee, legatee or creditor, or as otherwise interested, addressed to them at their respective post-office addresses given in their requests for special notice, if any, otherwise at their respective offices or places of residence, if known, and, if not, at the division where the proceedings are pending, or to be personally served upon them. Proof of the giving of notice shall be made at the hearing; and if it appears to the satisfaction of the court that the notice has been regularly given, the court shall so find in its order, and the order, when it becomes final, is conclusive upon all persons. CHAPTER 63—INVENTORY, APPRAISEMENT, AND COLLECTION OF PROPERTY SUBCHAPTER I—^INVENTORY, APPRAISEMENT, AND POSSESSION OF ESTATE

Sec. 1461. 1462. 1463. 1464. 1465. 1466. 1467. 1468. 1469.

Time for returning; contents. Testator's claims against executor; inclusion In inventory. Same; bequest to executor; nature and effect Oath to inventory. Appointment of appraisers; incompetency of certain persons. Oath of appraisers; appraisement procedure. Compensation of appraisers; verified account. Failure to return Inventory. After-discovered property. SUBCHAPTER II

EMBEZZLEMENT AND SURRENDER OF PROPERTY

1491. Double liability for embezzling property. 1492. Citation and examination of suspected embezzler, etc., expenses. 1493. Enforcement of examination of suspected embezzler, etc.; compelling disclosure; interrogatories; witnesses. 1494. Requiring persons Intrusted with estate to account.

Subchapter I—Inventory, Appraisement, and Possession of Estate § 1461. Time for returning; contents (a) Within 30 days after his appointment, or within such further period as the court, for reasonable cause, allows, the executor or administrator shall make and return to the court a true inventory, and, if the court directs, an appraisement of all the estate of the decedent which has come to his possession or knowledge.