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New Jersey Statutes, Title: 3B, ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS

    Chapter 11: Creator's reserved interest in trust alienable subject to creditors' claims

      Section: 3B:11-5: Trustee's death or failure to act; appointment of new trustee by court; powers.

          
3B:11-5. When a trustee appointed by a will probated in the surrogate's court of any county or a trustee appointed under a trust inter vivos as to real or personal property situate in any county fails or refuses to act or dies before the execution or completion of the trust, or absconds or removes from this State, or is adjudicated an incapacitated individual or becomes in any manner legally incapable of executing the trust, the Superior Court may remove the trustee and appoint a suitable person or persons to execute the trust, and the trustee or trustees so appointed shall be entitled to the trust estate as fully and in the same manner as the original trustee was and shall have all the power and discretion of the original trustee.

amended 2013, c.103, s.22.

This section added to the Rutgers Database: 2013-08-23 14:39:34.






Older versions of 3b:11-5 (if available):



Court decisions that cite this statute: CLICK HERE.


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