Provident Institution for Savings v. West Bergen Trust Co.

The opinion of the court was delivered by

Bodine, J.

Benjamin Treier and his wife, Mary Treier, executed two separate bonds and mortgages covering two properties in J ersey City owned by them in fee by the entirety. Mary died March 8th, 1931. The estate by operation of law then became vested in Benjamin, who died May 14th, 1931. The respondents, executors of his estate, caused to be entered an order barring creditors in accordance with the law now found in N. J. S. A. 3 :25-3-9. This statute is an ancient one and in almost precise form has been on the books for at least a century.

The object of…