N.J.S.A. 3B:31-57

Duty of prudent administration.

3B:31-57 Duty of prudent administration. 3B:31-57. Duty of Prudent Administration. A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distributional requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution. L.2015, c.276, s.1.

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This is the verbatim text of N.J.S.A. 3B:31-57, 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.