New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 24-22

The court directing the sale shall require the executor or administrator, before he executes a conveyance for the property sold, to enter into a bond, with 2 or more sufficient sureties, to the superior court. Such bond shall be in a penalty double the value of the real estate to be sold and shall contain conditions on the part of the executor or administrator, substantially as follows, namely, to well and truly administer the moneys arising from the sale and to distribute and pay them over unto the persons thereunto entitled.