3B:23-23. Letters of trusteeship required before transfer to trustee
67 words·~1 min read·
/nj/title-3b/chapter-23/3b-23-23·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It shall be unlawful for any fiduciary to transfer, pay over or distribute any devise, distributive share or part of the estate or trust in the possession or under the control of the fiduciary to a testamentary trustee or substituted testamentary trustee until letters of trusteeship shall have been issued to the testamentary trustee or substituted testamentary trustee.
L.1981, c. 405, s. 3B:23-23, eff. May 1, 1982.