Upon public or private application of any surety, if the principal consents to give a new bond, with satisfactory security, it may be taken without further proceedings, with the same effect, as if executed upon order.
Code 1858, § 3675; Shan., § 5445; Code 1932, § 9607; T.C.A. (orig. ed.), § 23-2710.
Textbooks. Pritchard on Wills and Administration of Estates (4th ed., Phillips and Robinson), § 597.
Tennessee Jurisprudence, 14 Tenn. Juris., Guardian and Ward, § 32.