3B:22-16 - Action upon refunding bond of devisee or heir - New Jersey Statutes

3B:22-16.  Action upon refunding bond of devisee or heir
    A claimant against an estate who has failed to present his claim in due form  within the time required, may bring an action in his own name without leave of  court on a refunding bond given by a devisee or heir and recover the proportion  of his claim which ought to be paid out of the devise or distributive share for  which the bond was given.

    Recovery on a refunding bond shall in no case exceed the amount actually received by the devisee or heir furnishing the bond.

     L.1981, c. 405, s. 3B:22-16, eff. May 1, 1982.