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Terms Used In New Jersey Statutes 3B:13A-34

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
3B:13A-34. A conservatorship shall terminate upon the death of the conservatee or upon adjudication of the conservatee to be incapacitated as provided by law, but the termination shall not affect the conservator’s liability for prior acts nor obligation to account funds and property of the conservatee.

amended 2013, c.103, s.42.