New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 24-14

A fiduciary, who has received a legacy or distributive share from an executor or administrator and has given a refunding bond therefor, may set up an absolute bar to an action on such bond, that he has lawfully paid out and distributed the legacy or share to the person entitled thereto, and has taken a refunding bond therefor from such person. If the fiduciary has paid out a part only of the legacy or share and has taken a similar refunding bond therefor, he may defend in like manner as to the part so paid or distributed.