New Jersey Statutes 3B:14-34. Determining issues of liability between estate and fiduciary
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Terms Used In New Jersey Statutes 3B:14-34
- 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
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
Issues of liability as between the estate and the fiduciary individually may be determined in a proceeding for accounting, surcharge or indemnification or other appropriate proceeding.
L.1981, c. 405, s. 3B:14-34, eff. May 1, 1982.