N.J.S.A. 3B:22-16 — Action upon refunding bond of devisee or heir

3B:22-16. Action upon refunding bond of devisee or heir A claimant against an estate who has failed to present his claim in due form within the time required, may bring an action in his own name without leave of court on a refunding bond given by a devisee or heir and recover the proportion of his claim which ought to be paid out of the devise or distributive share for which the bond was given. Recovery on a refunding bond shall in no case exceed the amount actually received by the devisee or heir furnishing the bond. L.1981, c. 405, s. 3B:22-16, eff. May 1, 1982.

This is the verbatim text of N.J.S.A. 3B:22-16, 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.