3B:10-18 - When appointment unnecessary - New Jersey Statutes

3B:10-18.  When appointment unnecessary
    The appointment of a substituted administrator shall not be required if the  unadministered assets of the intestate or testator consist of money on deposit  in a bank, trust company or savings and loan association not exceeding  $1,000.00, in which event it shall be lawful for the Superior Court, in an  action brought by any party in interest, to authorize the bank, trust company  or savings and loan association to distribute to the persons entitled by law to  receive the assets.  Payments made pursuant to the authority of this section  shall release the bank, trust company or savings and loan association from any  claim of, or liability to, any person interested in the estate.

     L.1981, c. 405, s. 3B:10-18, eff. May 1, 1982.