15AAElection to administer where previous executor or administrator

#### 15AA Election to administer where previous executor or administrator 15AA Election to administer where previous executor or administrator > > (1) A trustee company may file an election to administer the unadministered property of the estate of a deceased person who died testate or intestate in the registry of the Court, instead of taking out administration de bonis non, if: > > > > > (a) the executor or administrator of the estate has died and no other person has taken out administration de bonis non in respect of the estate, and > > > > > (b) part of the estate is unadministered, and > > > > > (c) the gross value of the unadministered part of the estate in New South Wales is less than the amount prescribed by the regulations for the purposes of this section, and > > > > > (d) the trustee company is entitled to take out administration de bonis non. > > > (2) An election must be sealed by the trustee company and must set out: > > > > > (a) the fact of the original grant, and > > > > > (b) the fact of the death of the executor or administrator, and > > > > > (c) particulars of the property left unadministered. > > > (3) On an election being filed, the trustee company is taken to have been appointed by the Court as the administrator de bonis non of the unadministered part of the estate. > > **ss 15AA–15AD:** Ins 2009 No 49, Sch 2.60.