3B:14-35 - Liability of fiduciary for improper exercise of power concerning estate - New Jersey Statutes

3B:14-35.  Liability of fiduciary for improper exercise of power concerning  estate
    If the exercise of power concerning the estate is improper, the fiduciary is  liable to interested persons for damage or loss resulting from breach of his  fiduciary duty to the same extent as a trustee of an express trust.  The rights  of purchasers and others dealing with a fiduciary shall be determined as  provided in N.J.S. 3B:14-28 and N.J.S. 3B:14-29.

     L.1981, c. 405, s. 3B:14-35, eff. May 1, 1982.