New Jersey Statutes 3B:23-41. Return of devise pro rata
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Terms Used In New Jersey Statutes 3B:23-41
- Devise: when used as a noun, means a testamentary disposition of real or personal property and when used as a verb, means to dispose of real or personal property by will. See New Jersey Statutes 3B:1-1
- Devise: To gift property by will.
- Devisee: means any person designated in a will to receive a devise. See New Jersey Statutes 3B:1-1
Where there are several devisees and a return of part of a devise shall afterwards appear necessary, each devisee shall only be compelled to return a proportional part of his devise so as to make up the whole sum needed.
L.1981, c. 405, s. 3B:23-41, eff. May 1, 1982.