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Article 60 Maintenance of security by bond

Original text. Later amendments are not shown.

Every person who has given security by a bond shall, whenever his accounts are passed, or the court so directs, satisfy the court—

(a)

that any premiums payable in respect of the bond have been duly paid;

(b)

if the bond was given by personal sureties, that each surety is living and within the jurisdiction and has neither been adjudicated bankrupt nor compounded with his creditors,

and, if the court is not so satisfied, it may require new security to be given or may give such other directions as it thinks fit.