3B:22-17 - Defense to action on fiduciary's bond in certain cases - New Jersey Statutes

3B:22-17.  Defense to action on fiduciary's bond in certain cases
    A fiduciary, who has received a devise or distributive share from a personal  representative and has given a refunding bond therefor, may set up in absolute  bar to an action on the bond, that he has lawfully paid out and distributed the  devise or distributive share to the person entitled thereto, and has taken a  refunding bond therefor from that person.  If the fiduciary has paid out a part  only of the devise or distributive share and has taken a similar refunding bond  therefor, he may defend in like manner as to the part so paid or distributed.

     L.1981, c. 405, s. 3B:22-17, eff. May 1, 1982.