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New Jersey Statutes, Title: 3B, ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
Chapter 31: Uniform Trust Code
Section: 3B:31-47: Trustee's bond.
3B:31-47. Trustee's Bond.
a. A trustee shall give bond to secure performance of the trustee's duties as prescribed by N.J.S.3B:15-1 et seq. if the court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with that requirement.
b. Unless otherwise directed by the court, the cost of the bond is an expense of the trust.
L.2015, c.276, s.1.
This section added to the Rutgers Database: 2016-02-15 11:38:42.
Older versions of 3b:31-47 (if available):
Court decisions that cite this statute:
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