The Court may, on application
made by petition and on being satisfied that the engagement of any such bond
has not been kept, and upon such terms as to security, or providing that the
money received be paid into Court, or otherwise as the Court may think fit,
assign the same to some proper person, who shall thereupon be entitled to sue
on the said bond in his own name as if the same had been originally given to him
instead of to the Judge of the Court, and shall be entitled to recover thereon, as
trustee for all persons interested, the full amount recoverable in respect of any
breach thereof.
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