New Jersey Statutes 54:36-7. Executor or trustee not to deliver property until tax paid
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 54:36-7
- Executor: A male person named in a will to carry out the decedent
- 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.
No executor or trustee shall turn over any property of an estate mentioned in sections 54:36-3 to 54:36-6 of this title until the tax due thereon, and interest, if any, shall have been paid to the state tax commissioner. Any executor or trustee who shall turn over any such property prior to the payment of the tax due thereon, together with interest, shall be personally liable for such tax and interest, which liability may be enforced in an action at law in the name of the state.