New Jersey Statutes 3B:21-3. Proof of authority of, and giving of security by, guardian or trustee
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 3B:21-3
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
- Trustee: A person or institution holding and administering property in trust.
In any action brought pursuant to N.J.S. 3B:21-1, the court shall be satisfied by proof that the guardian or trustee is authorized and qualified to act in the state or country to which the money or other property is to be removed. The court shall require him to give bond, in double the amount or value of the moneys or other property to be removed, or in any other sum and with an obligee, conditions and sureties as the court may determine. A bond need not be required if the court is satisfied that he has given security satisfactory to the court in that state or country or is not required to furnish security under the laws thereof.
L.1981, c. 405, s. 3B:21-3, eff. May 1, 1982.