N.J.S.A. 3B:31-68

Discretionary powers.

3B:31-68 Discretionary powers. 3B:31-68. Discretionary Powers. Notwithstanding the breadth of discretion granted to a trustee in the terms of the trust, including the use of such terms as "absolute," "sole," or "uncontrolled," the trustee shall exercise a discretionary power in good faith and in accordance with the terms and purposes of the trust and the interests of the beneficiaries. L.2015, c.276, s.1.

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This is the verbatim text of N.J.S.A. 3B:31-68, 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.