New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 7-9

When the surety on the bond of a fiduciary discovers that such fiduciary is wasting or mismanaging the estate, whereby such surety may become liable to loss or damage, the court to which he may be accountable may, in an action by such surety, and upon sufficient reason therefor, require the fiduciary to render an account of the performance of his office to such surety, and if it shall appear that such fiduciary has embezzled, wasted, misapplied, mismanaged or insufficiently secured such estate, the court shall direct the fiduciary to give separate security to such surety for the true payment of the balance in his hands to be paid according to the trust.