Wayne Probate Judge Ex Rel. Voss v. Budnick

While serving as the executor of the estate of Rosalia Kutny, Ralph A. Budnick, one of the defendants herein, was licensed by the probate judge to consummate a real estate mortgage loan for $3,500 for the purpose of paying debts, charges and expenses of the estate. Incident to consummating such real estate loan the executor gave a statutory bond ordered by the probate judge in the penal sum of $3,500. (See 3 Comp. Laws 1929, §§ 15848-15850, as amended by Act No. 77, Pub. Acts 1931.) This bond ran to the probate judge and was conditioned that the executor should “apply and account for all the…