3B:23-23 - Letters of trusteeship required before transfer to trustee - New Jersey Statutes

3B:23-23.  Letters of trusteeship required before transfer to trustee    It shall be unlawful for any fiduciary to transfer, pay over or distribute any devise, distributive share or part of the estate or trust in the possession  or under the control of the fiduciary to a testamentary trustee or substituted  testamentary trustee until letters of trusteeship shall have been issued to the  testamentary trustee or substituted testamentary trustee.

     L.1981, c. 405, s. 3B:23-23, eff. May 1, 1982.