3B:14-4. Actions of succeeding or substituted fiduciary to recover assets misapplied by predecessor
90 words·~1 min read·
/nj/title-3b/chapter-14/3b-14-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A fiduciary appointed in the place of a removed or discharged fiduciary, or the cofiduciary remaining in office after the discharge or removal of the fiduciary, may sue for assets as shall have come into the possession of the discharged or removed fiduciary for any breach of trust, waste, embezzlement or misapplication thereof and may sue for the recovery of the assets of the estate against the discharged or removed fiduciary or against any other person in possession of the assets.
L.1981, c. 405, s. 3B:14-4, eff. May 1, 1982.