New Jersey Statutes 17:12B-84. Release from claims of fiduciaries, beneficiaries or legal representatives
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Terms Used In New Jersey Statutes 17:12B-84
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Fiduciary: A trustee, executor, or administrator.
An association which makes any payment pursuant to section 82 of this act prior to service upon the association of an order of court restraining such payment shall, to the extent of each payment so made, be released from all claims of the fiduciary, the named beneficiary, their legal representatives, and all others claiming under or through them.
L.1963, c. 144, s. 84.