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New Jersey Statutes, Title: 3B, ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
Chapter 31: Uniform Trust Code
Section: 3B:31-64: Recordkeeping and identification of trust property.
3B:31-64. Recordkeeping and Identification of Trust Property.
a. A trustee shall keep adequate records of the administration of the trust.
b. A trustee shall keep trust property separate from the trustee's own property.
c. Except as otherwise provided in subsection d. of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.
d. If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of the trust with other fiduciary accounts maintained by the trustee.
L.2015, c.276, s.1.
This section added to the Rutgers Database: 2016-02-15 11:38:59.
Older versions of 3b:31-64 (if available):
Court decisions that cite this statute: