N.J.S.A. 3B:31-47

Trustee's bond.

3B:31-47 Trustee's bond. 3B:31-47. Trustee's Bond. a. A trustee shall give bond to secure performance of the trustee's duties as prescribed by N.J.S.3B:15-1 et seq. if the court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with that requirement. b. Unless otherwise directed by the court, the cost of the bond is an expense of the trust. L.2015, c.276, s.1.

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This is the verbatim text of N.J.S.A. 3B:31-47, 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.