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2019 New Jersey Revised Statutes
Title 3B - Administration of Estates--Decedents and Others
Section 3B:14-35 - Liability of fiduciary for improper exercise of power concerning estate
Universal Citation: NJ Rev Stat § 3B:14-35 (2019)
3B:14-35. Liability of fiduciary for improper exercise of power concerning estate
If the exercise of power concerning the estate is improper, the fiduciary is liable to interested persons for damage or loss resulting from breach of his fiduciary duty to the same extent as a trustee of an express trust. The rights of purchasers and others dealing with a fiduciary shall be determined as provided in N.J.S. 3B:14-28 and N.J.S. 3B:14-29.
L.1981, c. 405, s. 3B:14-35, eff. May 1, 1982.
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