N.J.S.A. 3B:15-18 — Discharge of surety from liability for future acts of fiduciary, receiver or assignee

3B:15-18. Discharge of surety from liability for future acts of fiduciary, receiver or assignee The court shall discharge a surety on the bond of a fiduciary, receiver or assignee for the benefit of creditors from liability for all his acts and omissions occurring after the granting of the discharge, if he accounts and files a new bond duly approved or, in default of an accounting and the filing of the bond, if the trust property shall be found or made good and paid over or properly secured. L.1981, c. 405, s. 3B:15-18, eff. May 1, 1982.

This is the verbatim text of N.J.S.A. 3B:15-18, 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.