54:37-7 - Enforcement of tax; action for accounting; remission of intangibles - New Jersey Statutes

54:37-7.  Enforcement of tax;  action for accounting;  remission of intangibles    If the official or body charged with the administration of the death tax laws of the domiciliary State shall, within sixty days after a notice is mailed  pursuant to section 54:37-6 of this Title commence an action to compel an  accounting in such estate with a court of this State having jurisdiction over  the accounts of the estate, the court shall require such accounting. When the  accounting has been filed and approved by the court, the court shall direct the  remission to the fiduciary appointed by the domiciliary State of sufficient of  the intangible personalty, after payment of creditors in this State and  expenses of administration in this State, to satisfy the claims of the  domiciliary State for death taxes, interest and penalties.

     Amended by L.1953, c. 51, p. 929, s. 146.