3B:13A-14. Conditions of bond
167 words·~1 min read·
/nj/title-3b/chapter-13a/3b-13a-14·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a bond is required of a conservator, it shall be conditioned substantially as follows:
a. To well and truly take care of the estate of the conservatee and all writings and evidences concerning his real estate and to deliver them to the person or persons who by law are or may be entitled to receive them;
b. To improve the real estate to the best advantage and to commit no waste or destruction thereof or thereon;
c. To make a just and true account of the rents, issues and profits of the real estate and of the proceeds of the sale of any real estate that may be ordered to be sold;
d. To make a just and true account of the expenditures and disbursements of the goods, chattels and personal estate of the conservatee that shall come into his hands; and
e. If required by court, to settle those accounts therein within the time so required.
L.1983, c. 192, s. 1, eff. May 23, 1983.