N.J.S.A. 3B:31-64 — Recordkeeping and identification of trust property.

3B:31-64 Recordkeeping and identification of trust property. 3B:31-64. Recordkeeping and Identification of Trust Property. a. A trustee shall keep adequate records of the administration of the trust. b. A trustee shall keep trust property separate from the trustee's own property. c. Except as otherwise provided in subsection d. of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary. d. If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of the trust with other fiduciary accounts maintained by the trustee. L.2015, c.276, s.1.

This is the verbatim text of N.J.S.A. 3B:31-64, 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.