(1) Subject to subsection (3), this section applies to a person—
(a) who does not hold a grant of representation of a deceased person's estate; and
(b) who fraudulently or without full and valuable consideration—
(i) obtains, receives or holds the estate or any part of the deceased's estate; or
(ii) effects the release of any debt or liability payable to the estate.
(2) A person to whom this section applies is liable to account for the estate's assets to the extent of—
(a) the estate obtained, received or held by the person; or
(b) the debt or liability released.
(3) The liability of a person under this section is reduced to the extent of any payment made by the person which may be made by a personal representative who has a grant of representation of the estate.
S. 31D inserted by No. 80/2014 s. 15.