60(1)Where a surety for a personal representative dies or becomes insolvent or where for any other reason any security furnished by a personal representative becomes inadequate or insufficient, the Court may require other or additional security to be furnished, and if it is not furnished as directed the Court may revoke the grant of letters of administration.

60(2)An order made pursuant to subsection (1) may be made by the Court on its own initiative or on the application of any person interested.