The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-08-29
LAWS OF NEW JERSEY.
BY AUTHORITY.
Cu A pTEp futT XVI

An Act to amend HI act entitled AN aet
concerning legacies'' IRevisionl approved
March twenty seventh, one thousanc eight
hundred and s~eventy-folr.
/. Be it enacted by the Senate and Cen
aral Assembly of the State of New Jersey,
That section eight of the act above mention
ed, to which this act is amendatory. be and
the same is hereby amended to read as fol-
lows.
s. And be it enacted. That whenever per-
sonal property is bequeathed to amy person
for life, or for a term of years, or for any
other limited period. or upon a condition or
any contingency, this executor OF admins
! TRAITOR cum testamento annexo shall not be
compelled to pay or deliver the property SO
bequeathed to the person having any such
life interest or other interest as aforesaid,
until security shall be given to the orphans
court having jurisdiction of such executors
or administrator accounts, in such sum and
form as in the Judgment Of the said court
| shall sufficiently secure the interest of the
person or persons entitled in remainder.
whenever the same shall accrue or vest in
possession; but where the person or persons
| next Immediately in remainder shall be the
lineal descendant of any such life tenant, or
person having any limited estate as afofe-
said, and such executor or administrator
shall not nave filed any security, such life
| tenant or other person having such limited
| interest or estate as aforesaid shall not be re-
| quired to give security in a greater sum than
| fifty thousand dollars; provided, however,
in every case where the executor or admin
| ~istrator is the person to whom any such life
interest or other interest, as aforesaid is be-
| queathed, then such executor or administra-
tor, before receiving into his possession such
personal property, unless by the will it is or
may be provided that no security shall be
| required of such executor, shall file with the
surrogate of the county in which the will
| shall be or has been proved or letters grant
| ed, a bond to the ordinary of this state, in
double the amount Of money or the value of
| the property to be received, with two suffi-
cient ~sureties, to be approved by the orphans
| court, conditioned for the faithful conserva-
ton of said property. and until such a bond
shall be filed it shall not be lawful for such
| executor or administrator to receive such
money OF personal property, but the or
| phans' court may, upon petition presented
by any person in interest, and upon ten
| days notice in writing to such executor or
administrator, appoint some other fit person
to receive and administer such property as
trustee, upon such security being given for
the faithful discharge of his duties as to the
said court shall seem proper.
2. And be it enacted, That the aforesaid
provisions of this act shall be held to apply
as well to all cases where any viii has al
ready been proved as where it shall be
executor has not already received such per-
sonal property in his possession.
g.. And be it enacted, That all acts and
parts of acts, general, special or local, incon-
sistent with the provisions OF this act, be
and the same are hereby repealed, and that
this act shall take effect Immediately.
Approved May II, 1884.