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New Jersey Statutes, Title: 3B, ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
Chapter 31: Uniform Trust Code
Section: 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.
This section added to the Rutgers Database: 2016-02-15 11:39:03.
Older versions of 3B:31-68 (if available):
Court decisions that cite this statute: CLICK HERE.