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New Jersey Statutes, Title: 3B, ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
Chapter 31: Uniform Trust Code
Section: 3B:31-57: Duty of prudent administration.
3B:31-57. Duty of Prudent Administration.
A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distributional requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.
L.2015, c.276, s.1.
This section added to the Rutgers Database: 2016-02-15 11:38:52.
Older versions of 3b:31-57 (if available):
Court decisions that cite this statute: