3B:22-15 - Failure to file refunding bond; presumption that devise or distributive share remains unpaid - New Jersey Statutes

3B:22-15.  Failure to file refunding bond;  presumption that devise or distributive share remains unpaid    In an action by a creditor against a personal representative, for the payment of a ratable proportion of his debt, it shall be presumed that the assets of the estate due a devisee or heir have not been paid over to him, if no refunding bond from the devisee or heir is on file.  However, the presumption may be rebutted by proof that the devise or distributive share was actually paid over to him.

     L.1981, c. 405, s. 3B:22-15, eff. May 1, 1982.