New Jersey Statutes 3B:13A-32. Liability of conservator for improper exercise of power concerning estate
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Terms Used In New Jersey Statutes 3B:13A-32
- 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
- Trustee: A person or institution holding and administering property in trust.
If the exercise of power concerning the estate is improper, the conservator is liable to the conservatee or interested persons for damage or loss resulting from breach of his fiduciary duty to the same extent as a trustee of an express trust.
L.1983, c. 192, s. 1, eff. May 23, 1983.