3B:22-43 - Liability in case of sale or transfer of estate - New Jersey Statutes

3B:22-43.  Liability in case of sale or transfer of estate
    In the event an estate descended or devised to any heir or devisee has been  bona fide sold or transferred prior to the commencement of the action, it shall  not be liable for the debt or for any judgment obtained in an action against  him.  In that event, if in an action against him the debt be found due, the  judgment against him shall be general for the full amount thereof, unless he  shall admit in the action the descent or devise of the estate to him,  specifically describing it, in which case the judgment shall be general for the  amount so found due, but only to the value of the estate descended or devised,  and sold or transferred.

     L.1981, c. 405, s. 3B:22-43, eff. May 1, 1982.