New Jersey Statutes
§ 3B:23-26 — Condition of devisee's bond
New Jersey·Title 3B ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
The bond of a devisee shall be conditioned substantially as follows: That if any part or the whole of the devise shall at any time thereafter be needed to discharge any debt or debts, devise or devises, which the personal representative may not have other assets to pay, he, the devisee, will return his devise or that part thereof as may be necessary for the payment of the debts, or for the payment of a proportional part of the devises. L.1981, c. 405, s. 3B:23-26, eff. May 1, 1982.
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Nearby Sections
15
§ 3B:23-1
Distribution of assets in kind§ 3B:23-10
Distribution to guardian§ 3B:23-11
Interest on general pecuniary devise§ 3B:23-12
Abatement generally.§ 3B:23-14
Where will expresses order of abatement§ 3B:23-16
Distribution by order of court§ 3B:23-17
Judgment for distribution§ 3B:23-2
Valuation of assets§ 3B:23-21
Unclaimed estate assets.§ 3B:23-24
Refunding bond of devisee or distributee