New Jersey Statutes 3B:13A-28. Personal liability of conservator on contracts
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Terms Used In New Jersey Statutes 3B:13A-28
- Contract: A legal written agreement that becomes binding when signed.
- Estate: means all of the property of a decedent, minor or incapacitated individual, trust or other person whose affairs are subject to this title as the property is originally constituted and as it exists from time to time during administration. See New Jersey Statutes 3B:1-1
Unless otherwise provided in the contract, a conservator is not individually liable on a contract properly entered into in his fiduciary capacity in the course of administration of the estate unless he fails to reveal his representative capacity and identify the estate in the contract.
L.1983, c. 192, s. 1, eff. May 23, 1983.