10. Effect on Bond of the death of holder
The Director of Finance and Planning and the Accountant General upon application made to them and upon being satisfied as to—
-
(a) the death of the holder of a bond; and
-
(b) the grant of legal representation to the applicant,
shall endorse on the bond the name of the person entitled to the bond under the will or intestacy of the holder and make the appropriate alteration in the register of bonds; and, from the date of the endorsement and alteration, the person entitled under the will or intestacy of the holder becomes for all purposes the holder of the bond.