N.J.S.A. 3B:14-35

Liability of fiduciary for improper exercise of power concerning estate

3B:14-35. Liability of fiduciary for improper exercise of power concerning estate If the exercise of power concerning the estate is improper, the fiduciary is liable to interested persons for damage or loss resulting from breach of his fiduciary duty to the same extent as a trustee of an express trust. The rights of purchasers and others dealing with a fiduciary shall be determined as provided in N.J.S. 3B:14-28 and N.J.S. 3B:14-29. L.1981, c. 405, s. 3B:14-35, eff. May 1, 1982.

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This is the verbatim text of N.J.S.A. 3B:14-35, 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.