3B:14-6 - Penalty for failure of removed or discharged fiduciary to account or deliver assets - New Jersey Statutes

3B:14-6.  Penalty for failure of removed or discharged fiduciary to account  or deliver assets    A fiduciary who fails to account as provided by N.J.S. 3B:14-7 or who fails  to comply with the provisions of N.J.S. 3B:14-5, or any order entered thereunder, shall be liable to a fine not exceeding the amount of the estate in  the hands of the fiduciary and shall also be liable for contempt for disobeying  or failing to perform any court order or for failing to pay the fine.

    All fines hereunder shall be collected by execution against the real or personal property of the defaulting fiduciary and shall be collected in favor of the person to whom the defaulting fiduciary should have made the payment or delivery and shall be received as assets by the cofiduciary or substituted fiduciary succeeding to the management of the estate.

     L.1981, c. 405, s. 3B:14-6, eff. May 1, 1982.