3B:10-5 - Discharge of corporations or persons making payments or delivering assets under N.J.S. 3B:10-3 or N.J.S. 3B:10-4 - New Jersey Statutes

3B:10-5.  Discharge of corporations or persons making payments or delivering  assets under N.J.S. 3B:10-3 or N.J.S. 3B:10-4
    Any bank, building and loan association, association, as defined in section  5 of the  "Savings and Loan Act (1963),"  P.L.1963, c. 144 (C. 17:12B-5), or  any other corporation or any person, association or society, which pays or  delivers any assets of the intestate to the person executing an affidavit under  N.J.S. 3B:10-3 or N.J.S. 3B:10-4, upon presentation of a copy of the affidavit  marked a true copy by the surrogate or the clerk of the Superior Court, shall  be forever discharged from all claims by any administrator of the intestate who  may be appointed or by any other person, as to the assets so paid or delivered,  and this, notwithstanding that the total value of the real and personal assets  does in fact exceed the amount limited by N.J.S. 3B:10-3 or N.J.S. 3B:10-4 or  that the statements in the affidavit are erroneous or that the consent required  by N.J.S. 3B:10-4 has not been obtained.

     L.1981, c. 405, s. 3B:10-5, eff. May 1, 1982.