3B:26-3 - Distribution or other disposition of property
3B:26-3.Ā Distribution or other disposition of property
Distribution or any other disposition of the property of an absent person may be made under direction of the court when he is presumed dead under N.J.S. 3B:27-1, or sooner if the death of the absent person is established by evidenceĀ satisfactory to the court.Ā If the absent person returns or the need forĀ management or protection ceases before distribution or other disposition, theĀ trustee shall restore to him the property, after deduction of the reasonableĀ expenses of the trust and compensation of the trustees.
L.1981, c. 405, s. 3B:26-3, eff. May 1, 1982.
Ā
Distribution or any other disposition of the property of an absent person may be made under direction of the court when he is presumed dead under N.J.S. 3B:27-1, or sooner if the death of the absent person is established by evidenceĀ satisfactory to the court.Ā If the absent person returns or the need forĀ management or protection ceases before distribution or other disposition, theĀ trustee shall restore to him the property, after deduction of the reasonableĀ expenses of the trust and compensation of the trustees.
L.1981, c. 405, s. 3B:26-3, eff. May 1, 1982.
Ā