3B:14-3. Powers and duties of substituted fiduciary
105 words·~1 min read·
/nj/title-3b/chapter-14/3b-14-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A substituted fiduciary may demand, receive and recover the property and assets of the estate, and maintain all proper actions for the recovery thereof, and do all acts necessary for the administration and settlement of the estate and execution of the powers and performance of the trusts contained in the will or other instrument, in the same manner and to the same effect as if he had been appointed or named in the first instance. The fiduciary shall in the same manner be liable for any neglect or failure to perform the duties of his appointment.
L.1981, c. 405, s. 3B:14-3, eff. May 1, 1982.