New Jersey Statutes 3B:22-29. Accounting; surplus from sale payable to State Treasurer
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 3B:22-29
- Decedent: A deceased person.
- Heirs: means those persons, including, but not limited to, the surviving spouse, the domestic partner and the descendants of the decedent, who are entitled under the statutes of intestate succession to the property of a decedent. See New Jersey Statutes 3B:1-1
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- 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
After accounting duly made by the personal representative and after the payment of debts and just expenses, fees and commissions of every sort, if no heirs at law of the decedent, to whom distribution may be made pursuant to the provisions of law, have made claim to any surplus remaining from the sale, the court shall order the surplus to be paid over to the State Treasurer. Upon receiving the State Treasurer’s receipt therefor, the personal representative shall have no further obligation with respect to the surplus.
L.1981, c. 405, s. 3B:22-29, eff. May 1, 1982.