New Jersey § 3a:7-1
Full text of New Jersey New Jersey Statutes § 3a:7-1, with citation guidance and answers to common questions.
§ 3a:7-1.
The court or surrogate appointing a fiduciary in any of the instances enumerated below
shall secure faithful performance of the duties of his office by requiring the fiduciary
thereby authorized to act to furnish bond to the superior court in such a sum and
with such proper conditions and sureties, having due regard to the value of the estate
in his charge and the extent of his authority, as the court shall approve: a. When an appointment is made upon failure of the will, or other instrument creating
or continuing a fiduciary relationship, to name a fiduciary; b. When a person is appointed in the place of the person named as fiduciary in the
will, or other instrument creating or continuing the fiduciary relationship; c. When the office to which the person is appointed is any form of administration,
other than administration ad litem which may be granted with or without bond; d. When the office to which the person is appointed is any form of guardianship of
a minor or mental incompetent, except as otherwise provided in section 3A:6-22 of this title with respect to a guardian appointed by will; e. When letters are granted to a nonresident executor, except in cases where the will
provides that no security shall be required of the person named as executor therein; f. When an additional or substituted fiduciary is appointed; or g. When an appointment is made under chapter 39 of this title, of a fiduciary for
the estate or property, or any part thereof, of an absentee. Where a fiduciary removes from the state the court may require him to give such security
as it may determine. When specific conditions as to a particular bond are prescribed by law no such bond
shall be approved unless the prescribed conditions are included therein, and where
by law security is authorized to be given other then by sureties on the bond, compliance
with such law shall be deemed compliance with this section. Nothing contained in this section shall be construed to require a bond in any case
where by law it is specifically provided that no bond need be furnished.
Frequently Asked Questions About New Jersey § 3a:7-1
What does New Jersey Statutes § 3a:7-1 cover?
Section 3a:7-1 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:7-1?
A common citation format is "New Jersey Statutes § 3a:7-1" (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:7-1 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.