3B:22-16 - Action upon refunding bond of devisee or heir
3B:22-16.Ā Action upon refunding bond of devisee or heir
A claimant against an estate who has failed to present his claim in due formĀ within the time required, may bring an action in his own name without leave ofĀ court on a refunding bond given by a devisee or heir and recover the proportionĀ of his claim which ought to be paid out of the devise or distributive share forĀ which the bond was given.
Recovery on a refunding bond shall in no case exceed the amount actually received by the devisee or heir furnishing the bond.
L.1981, c. 405, s. 3B:22-16, eff. May 1, 1982.
Ā
A claimant against an estate who has failed to present his claim in due formĀ within the time required, may bring an action in his own name without leave ofĀ court on a refunding bond given by a devisee or heir and recover the proportionĀ of his claim which ought to be paid out of the devise or distributive share forĀ which the bond was given.
Recovery on a refunding bond shall in no case exceed the amount actually received by the devisee or heir furnishing the bond.
L.1981, c. 405, s. 3B:22-16, eff. May 1, 1982.
Ā
Scroll for next New Jersey statuteā¦