3B:14-29 - Exercise of powers by domiciliary foreign fiduciary; security for costs - New Jersey Statutes

3B:14-29.  Exercise of powers by domiciliary foreign fiduciary; security for costs
    Upon compliance with N.J.S. 3B:14-28, a domiciliary foreign fiduciary may exercise as to assets in this State all powers he would have had if he had received letters or been appointed in this State, including the power to release and discharge real or personal estate from a mortgage, judgment or other lien or encumbrance held by his decedent, ward or trust.  Whether N.J.S. 3B:14-28 is complied with prior to, pending, or subsequent to the action, a domiciliary foreign fiduciary may maintain, or be made a party defendant or otherwise, to any action in any court of this State as if letters had been granted to him in this State, subject to any conditions generally imposed upon nonresident parties.  Security for costs may be required of him.

     L.1981, c. 405, s. 3B:14-29, eff. May 1, 1982.