3B:14-35. Liability of fiduciary for improper exercise of power concerning estate
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/nj/title-3b/chapter-14/3b-14-35·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the exercise of power concerning the estate is improper, the fiduciary is liable to interested persons for damage or loss resulting from breach of his fiduciary duty to the same extent as a trustee of an express trust. The rights of purchasers and others dealing with a fiduciary shall be determined as provided in N.J.S. 3B:14-28 and N.J.S. 3B:14-29.
L.1981, c. 405, s. 3B:14-35, eff. May 1, 1982.