New Jersey § 3B:15-8 Allowance of expense of procuring surety bond of fiduciary, receiver or assignee

New Jersey Statutes

§ 3B:15-8 — Allowance of expense of procuring surety bond of fiduciary, receiver or assignee

New Jersey § 3B:15-8

Title 3BADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS

This text of New Jersey § 3B:15-8 (Allowance of expense of procuring surety bond 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:15-8 (2026).

Text

A fiduciary, receiver or assignee for the benefit of creditors required by law or order of court to give a bond, may include as a part of the lawful expense of executing his trust a reasonable sum, not exceeding, however, 1% per annum on the amount of the bond, paid a company authorized under the laws of this State so to do, for becoming his surety on the bond, as may be allowed by the court. L.1981, c. 405, s. 3B:15-8, eff. May 1, 1982.

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A fiduciary, receiver or assignee for the benefit of creditors required by law or order of court to give a bond, may include as a part of the lawful expense of executing his trust a reasonable sum, not exceeding, however, 1% per annum on the amount of the bond, paid a company authorized under the laws of this State so to do, for becoming his surety on the bond, as may be allowed by the court. L.1981, c. 405, s. 3B:15-8, eff. May 1, 1982.