N.J.S.A. 3B:14-14 — Termination of substituted fiduciary's powers and duties; accounting and delivery of assets

3B:14-14. Termination of substituted fiduciary's powers and duties; accounting and delivery of assets Upon reinstatement of the original fiduciary or person named to act as fiduciary, any substituted fiduciary of the estate, trust or fund, appointed by the court shall be removed and all of his powers as substituted fiduciary shall cease, except the power and duty to account for his administration of the estate, trust or fund. The substituted fiduciary shall deliver to the reinstated fiduciary all of the unadministered assets of the estate, trust or fund remaining in his possession and control and shall promptly account to the court for his administration of the estate, trust or fund. L.1981, c. 405, s. 3B:14-14, eff. May 1, 1982.

This is the verbatim text of N.J.S.A. 3B:14-14, 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.