New Jersey Statutes 3B:23-43. Right of retainer
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Terms Used In New Jersey Statutes 3B:23-43
- 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
The amount of a noncontingent indebtedness of a successor to the estate if due, or its present value if not due, shall be offset against the successor’s interest; but the successor has the benefit of any defense which would be available to him in a direct proceeding for recovery of the debt.
L.1981, c. 405, s. 3B:23-43, eff. May 1, 1982.