New Jersey Statutes 2A:19-11. Assignee not to proceed until bond, etc., filed
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Terms Used In New Jersey Statutes 2A:19-11
- Assignee: means an assignee under a general assignment, including an assignee appointed under chapter 20 of this title. See New Jersey Statutes 2A:19-1
- Court: means the Superior Court. See New Jersey Statutes 2A:19-1
Until the inventory, valuation and bond required by this chapter are filed, the assignee shall not proceed to the discharge of his trust under the general assignment, further than may be necessary for the preservation of the assigned estate; but the court, before such inventory, valuation and bond are filed, may authorize the assignee to perform such other acts in the administration of the trust, and upon such terms, as it may deem necessary for the protection of the trust.
L.1951 (1st SS), c.344.