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    Chapter 15: Bonds of fiduciaries; exceptions.

      Section: 3B:15-26: Proceedings to satisfy judgment on bond; notice to claimants

           If any bond given by a fiduciary is forfeited and prosecuted to judgment in any court of record, and it is made to appear to the Superior Court, by a complaint filed by any surety against whom judgment has been rendered upon the bond, that the damages sustained by the nonperformance of the condition of the bond, together with costs of action and execution fees thereon, have been fully satisfied so far as the surety shall have been able to ascertain the damages, the court may make an order directing the surety to give public notice to all persons aggrieved by the forfeiture of the bond, to bring in their debts, demands and claims against the estate in charge of the fiduciary, under oath within 3 months from the date of the order. The notice shall be advertised, commencing within 20 days of the date of the order, for 6 weeks successively, once in each week, in one or more of the newspapers of this State, as may be directed in the order. Further notice shall also be given if the court deems it necessary.

L.1981, c. 405, s. 3B:15-26, eff. May 1, 1982.

This section added to the Rutgers Database: 2013-06-10 16:36:30.

Older versions of 3b:15-26 (if available):

Court decisions that cite this statute: CLICK HERE.