N.J.S.A. 3B:14-31

Personal liability of fiduciary on contracts

3B:14-31. Personal liability of fiduciary on contracts Unless otherwise provided in the contract, a fiduciary is not individually liable on a contract properly entered into in his fiduciary capacity in the course of administration of the estate unless he fails to reveal his fiduciary capacity and identify the estate in the contract. L.1981, c. 405, s. 3B:14-31, eff. May 1, 1982.

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This is the verbatim text of N.J.S.A. 3B:14-31, 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.

N.J.S.A. 3B:14-31 — Personal liability of fiduciary on contracts | Kyzer