3B:14-12. Substituted fiduciary; powers and duties
121 words·~1 min read·
/nj/title-3b/chapter-14/3b-14-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The substituted fiduciary, upon qualifying in accordance with the order of the court, shall be entitled to the control and possession of all of the unadministered assets of the estate, trust or fund, and shall be vested with title to and powers over the estate, trust or fund as the fiduciary or person named to act as fiduciary, in whose place and stead the substituted fiduciary is appointed, had or would have had except for the suspension of rights or powers and shall have power to administer the estate, trust or fund and shall be required to administer the estate, trust or fund and to account for his administration according to law.
L.1981, c. 405, s. 3B:14-12, eff. May 1, 1982.