3B:10-10 - Executor de son tort - New Jersey Statutes

3B:10-10.  Executor de son tort
    Whereas it is sometimes practiced to the defrauding of creditors, that persons who are entitled to the administration of the estate of an intestate will not accept administration, but suffer or procure the administration to be granted to others of indigent circumstances, from whom they, or others, by their means, by deeds of gifts, or by letters of attorney, obtain the estate of  the intestate into their hands, and are not subject to the payment of the debts  of the intestate, and so the creditors cannot have or recover their just debts  and demands;  therefore, if any person shall obtain, receive and have, any  property or debts of an intestate, or a release or other discharge of any debt  or duty due the intestate, upon any fraud as herein provided, without valuable consideration as shall amount to the value of the property or debts, or near  thereabouts except it be in or towards satisfaction of some just debt, of the  value of the same property or debts, to him owing by the intestate at the time  of his decease, the person shall be charged and chargeable as executor of his  own wrong so far only, as all the property and debts coming to his hands, or  whereof he is released or discharged by the administrator, will satisfy.   However he shall not be charged for those just debts, contracted without fraud  and upon a good consideration, which are owing to him by the intestate at the time of his decease, nor for payments made by him which lawful executors or administrators ought to pay.

     L.1981, c. 405, s. 3B:10-10, eff. May 1, 1982.