New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 25-14

The bond required under section 3A:25-13 or section 3A:25-21 of this title shall be in the amount or value of the legacy or allotted distributive share and shall be sufficient, if signed by the legatee or distributee, or his guardian, as the case may be, without any sureties whatever.

The bond of a legatee shall be conditioned substantially as follows: That if any part or the whole of such legacy shall at any time thereafter appear to be wanting to discharge any debt or debts, legacy or legacies, which the said executor or administrator may not have other assets to pay, he, the said legatee, will return his said legacy or such part thereof as may be necessary for the payment of the said debts, or for the payment of a proportional part of the said legacies.

The bond of a distributee shall be conditioned substantially as follows: That if any debt or debts, truly owing by the intestate, shall be afterwards sued for and recovered or otherwise duly made to appear, and which there shall be no other assets to pay, he shall refund and pay back to the administrator his ratable part of such debt or debts, out of the part and share so allotted to him.