New Jersey § 3a:2a-68
Full text of New Jersey New Jersey Statutes § 3a:2a-68, with citation guidance and answers to common questions.
§ 3a:2a-68.
a. Unless otherwise provided in the contract, a fiduciary is not individually liable
on a contract properly entered into in his fiduciary capacity in the course of administration
of the estate unless he fails to reveal his fiduciary capacity and identify the estate
in the contract. b. A fiduciary is individually liable for obligations arising from ownership or control
of the estate or for torts committed in the course of administration of the estate
only if he is personally at fault. c. Claims based on contracts entered into by a fiduciary in his fiduciary capacity,
on obligations arising from ownership or control of the estate or on torts committed
in the course of estate administration may be asserted against the estate by proceeding
against the fiduciary in his fiduciary capacity, whether or not the fiduciary is individually
liable therefor. d. Issues of liability as between the estate and the fiduciary individually may be
determined in a proceeding for accounting, surcharge or indemnification or other appropriate
proceeding.
Frequently Asked Questions About New Jersey § 3a:2a-68
What does New Jersey Statutes § 3a:2a-68 cover?
Section 3a:2a-68 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 3a:2a-68?
A common citation format is "New Jersey Statutes § 3a:2a-68" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 3a:2a-68 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.