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Current as of January 01, 2024 | Updated by Findlaw Staff
The power of a domiciliary foreign fiduciary under sections 64 or 65 shall be exercised only if no letters have issued or action therefor is pending in this State. The issuance of local letters or an action therefor terminates the power of the domiciliary foreign fiduciary to act under section 65, but a court in this State may allow the domiciliary foreign fiduciary to exercise limited powers to preserve the estate. No person who, before receiving actual notice of local letters or an action therefor, has changed his position in reliance upon the powers of the domiciliary foreign fiduciary, shall be prejudiced by reason of the action for, or issuance of, local letters. The local fiduciary is subject to all duties and obligations which have accrued by virtue of the exercise of the powers by the domiciliary foreign fiduciary and may be substituted for him in any action in this State.
Cite this article: FindLaw.com - New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 2A-63 - last updated January 01, 2024 | https://codes.findlaw.com/nj/appendix-former-title-3a-administration-of-estates-decedents-and-others/nj-st-sect-3a-2a-63/
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