New Jersey Statutes > Title 17 > Chapter 4 – Substitution of “Successor” Company for “Liquidating” Company as Fiduciary; Account; Bond
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| § 17:4-9.1 | “Successor company” includes “successor bank, savings bank”; “predecessor company” includes “liquidating company” or “predecessor savings bank.” |
Terms Used In New Jersey Statutes > Title 17 > Chapter 4 - Substitution of "Successor" Company for "Liquidating" Company as Fiduciary; Account; Bond
- Decedent: A deceased person.
- Fiduciary: A trustee, executor, or administrator.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
- Trustor: The person who makes or creates a trust. Also known as the grantor or settlor.