R.I. Gen. Laws § 33-19-7: Executor’s or administrator’s bond to cover application of proceeds of mortgage or sale.

Every executor or administrator empowered to sell or mortgage real estate as provided in § 33-19-3 shall, before making the sale or mortgage, give bond with a surety or sureties satisfactory to the court that he or she will apply the proceeds of the sale or mortgage to the purposes for which it was made.