N.J.S.A. 2A:19-38 — Estate vests in new assignee; accounting and delivery by predecessor

2A:19-38. Estate vests in new assignee; accounting and delivery by predecessor Upon the appointment of any new assignee as aforesaid, the entire trust estate, in whatsoever form the same then may be, shall forthwith vest in him. The court may compel the removed assignee, or the personal representative of the former assignee, to account in said court for his trust, to deliver possession of the estate in his hands to his successor, to pay over to such successor any balance found due on the accounting, and to execute such conveyance of the trust estate to his successor as the court may direct. L.1951 (1st SS), c.344.

This is the verbatim text of N.J.S.A. 2A:19-38, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.