N.J.S.A. 3B:22-43 — Liability in case of sale or transfer of estate

3B:22-43. Liability in case of sale or transfer of estate In the event an estate descended or devised to any heir or devisee has been bona fide sold or transferred prior to the commencement of the action, it shall not be liable for the debt or for any judgment obtained in an action against him. In that event, if in an action against him the debt be found due, the judgment against him shall be general for the full amount thereof, unless he shall admit in the action the descent or devise of the estate to him, specifically describing it, in which case the judgment shall be general for the amount so found due, but only to the value of the estate descended or devised, and sold or transferred. L.1981, c. 405, s. 3B:22-43, eff. May 1, 1982.

This is the verbatim text of N.J.S.A. 3B:22-43, 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.