3B:14-15 - Powers and duties of reinstated fiduciary - New Jersey Statutes

3B:14-15.  Powers and duties of reinstated fiduciary    Upon reinstatement, the fiduciary or person named to act as fiduciary shall  be vested with all of the title to that portion of the estate, trust or fund as  has not been administered by the substituted fiduciary, and shall have all of  the powers and duties as to the estate, trust or fund which he had or would  have had by virtue of his original appointment as fiduciary or his being named  to act as fiduciary.  He shall have no responsibility for the administration of  the estate, trust or fund by the substituted fiduciary or person named to act  as substituted fiduciary.  He shall be responsible for and shall account for  his own administration of the estate, trust or fund, which may have remained in  his hands or for which he may be accountable by his own action or neglect.

     L.1981, c. 405, s. 3B:14-15, eff. May 1, 1982.