New Jersey Statutes 3B:22-1. Waiver of statutes of limitations
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Terms Used In New Jersey Statutes 3B:22-1
- Decedent: A deceased person.
- 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
- Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
Unless an estate is insolvent the personal representative may, but only with the consent of all successors, waive any defense of limitations available to the estate. If the defense is not waived, no claim which was barred by any statute of limitations at the time of the decedent‘s death shall be allowed or paid.
L.1981, c. 405, s. 3B:22-1, eff. May 1, 1982.