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Section 3B:14-25 - Payment of debt or delivery of certain personal property; requirements

NJ Rev Stat § 3B:14-25 (2019) (N/A)
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3B:14-25. Payment of debt or delivery of certain personal property; requirements

After the expiration of 60 days from the appointment of a domiciliary foreign fiduciary, any person indebted to the estate or having possession or control of personal property, or of an instrument evidencing a debt, obligation, stock or chose in action belonging to the estate may pay the debt, deliver the personal property, or the instrument evidencing the debt, obligation, stock or chose in action, to the domiciliary foreign fiduciary upon being presented with a certificate of his letters or other proof of his authority and an affidavit made by or on his behalf stating:

a. The date of the letters of the domiciliary foreign fiduciary, or the date when he first received authority to act;

b. That no letters have issued in this State and no action therefor is pending in this State; and

c. That the domiciliary foreign fiduciary is entitled to payment or delivery.

L.1981, c. 405, s. 3B:14-25, eff. May 1, 1982.

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