3B:14-14. Termination of substituted fiduciary's powers and duties; accounting and delivery of assets
106 words·~1 min read·
/nj/title-3b/chapter-14/3b-14-14·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon reinstatement of the original fiduciary or person named to act as fiduciary, any substituted fiduciary of the estate, trust or fund, appointed by the court shall be removed and all of his powers as substituted fiduciary shall cease, except the power and duty to account for his administration of the estate, trust or fund. The substituted fiduciary shall deliver to the reinstated fiduciary all of the unadministered assets of the estate, trust or fund remaining in his possession and control and shall promptly account to the court for his administration of the estate, trust or fund.
L.1981, c. 405, s. 3B:14-14, eff. May 1, 1982.