New Jersey Statutes 3B:22-8. Commencement of action by creditor on disputed claim within 3 months after notice
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Terms Used In New Jersey Statutes 3B:22-8
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Within 3 months after receiving notice that a claim or a part of it has been disputed, the creditor shall commence an action to recover on the claim or so much of it as is disputed; otherwise the personal representative shall not be liable to the creditor with respect to any assets which he may have delivered or paid in satisfaction of any lawful claims, devises or distributive shares before the commencement of the action.
L.1981, c. 405, s. 3B:22-8, eff. May 1, 1982.