New Jersey § 3B:15-18 Discharge of surety from liability for future acts of fiduciary,  receiver or assignee

New Jersey Statutes

§ 3B:15-18 — Discharge of surety from liability for future acts of fiduciary, receiver or assignee

New Jersey § 3B:15-18

Title 3BADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS

This text of New Jersey § 3B:15-18 (Discharge of surety from liability for future acts of fiduciary, receiver or assignee) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 3B:15-18 (2026).

Text

The court shall discharge a surety on the bond of a fiduciary, receiver or assignee for the benefit of creditors from liability for all his acts and omissions occurring after the granting of the discharge, if he accounts and files a new bond duly approved or, in default of an accounting and the filing of the bond, if the trust property shall be found or made good and paid over or properly secured. L.1981, c. 405, s. 3B:15-18, eff. May 1, 1982.

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The court shall discharge a surety on the bond of a fiduciary, receiver or assignee for the benefit of creditors from liability for all his acts and omissions occurring after the granting of the discharge, if he accounts and files a new bond duly approved or, in default of an accounting and the filing of the bond, if the trust property shall be found or made good and paid over or properly secured. L.1981, c. 405, s. 3B:15-18, eff. May 1, 1982.