N.J.S.A. 3B:31-54

Duty to administer trust.

3B:31-54 Duty to administer trust. 3B:31-54. Duty to Administer Trust. Upon acceptance of a trusteeship, the trustee shall administer the trust in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with this act and other applicable law. L.2015, c.276, s.1.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 3B:31-54, 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.