3B:14-1 - Survivorship and succession among cofiduciaries; duties and powers - New Jersey Statutes

3B:14-1.  Survivorship and succession among cofiduciaries;  duties and powers
    There shall be survivorship and succession between and among cofiduciaries.   If only one fiduciary survives or remains qualified to act, no substituted  fiduciary need be appointed to act in the place of any cofiduciary who may have  died or may have been removed, discharged or otherwise disabled to act.

    The surviving fiduciary or cofiduciaries shall proceed with the duties of the office and shall be entitled to the property and assets, and to sue for and  recover them, and to sell and convey them, as if the remaining fiduciary or  cofiduciaries had been solely appointed to the office.

     L.1981, c. 405, s. 3B:14-1, eff. May 1, 1982.