On the execution of the additional bond as required, or the qualification of a successor, the applicant surety is exonerated from all liability accruing subsequently.
Code 1858, § 3676; Shan., § 5446; Code 1932, § 9608; T.C.A. (orig. ed.), § 23-2712.
Textbooks. Pritchard on Wills and Administration of Estates (4th ed., Phillips and Robinson), § 599.
Tennessee Jurisprudence, 7 Tenn. Juris., Contribution and Exoneration, §§ 5, 9.