N.J.S.A. 3B:23-3 — Method of distribution

3B:23-3. Method of distribution If the personal representative of either a testate or an intestate estate has, in the exercise of good faith and reasonable discretion, continued to hold in kind the distributable assets of an intestate estate or of the residue of a testate estate, the assets shall be distributed in kind if there is no objection to the proposed distribution and it is practicable to distribute undivided interests, otherwise those assets shall be converted into cash for distribution. L.1981, c. 405, s. 3B:23-3, eff. May 1, 1982.

This is the verbatim text of N.J.S.A. 3B:23-3, 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.