N.J.S.A. 3B:20-11.7

Review of trust assets

3B:20-11.7 Review of trust assets 7. Within six months after accepting trust assets, the fiduciary shall review the trust assets and shall make and implement decisions concerning the retention and disposition of assets received at the inception of the trust, in order to bring the trust portfolio into compliance with the provisions of the trust instrument or with the requirements of this act. L.1997,c.26,s.7.

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This is the verbatim text of N.J.S.A. 3B:20-11.7, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 3B:20-11.7 — Review of trust assets | Kyzer