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Current as of January 01, 2024 | Updated by Findlaw Staff
If an executor or administrator in good faith pays a claim presented to him which is not verified as required, and, on or before final accounting, it is proved to the court or surrogate that the claim was owed by the decedent and was a just claim against the estate, the court shall allow the executor or administrator in his account the full amount of such claim if there be sufficient of said estate to pay the debts of equal degree with said claim in full. If said estate is not sufficient for said purpose, he shall be allowed the pro rata amount such creditor would have been entitled to receive if such claim had been presented verified as required.
Cite this article: FindLaw.com - New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 24-5 - last updated January 01, 2024 | https://codes.findlaw.com/nj/appendix-former-title-3a-administration-of-estates-decedents-and-others/nj-st-sect-3a-24-5/
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