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

    Chapter 31: Uniform Trust Code

      Section: 3B:31-69: General powers of trustee.

          3B:31-69. General Powers of Trustee.

a. Except as limited by section 1 of P.L.1996, c.41 (C.3B:11-4.1) and other express statutory restrictions, a trustee, without authorization by the court, may exercise:

(1) powers conferred by the terms of the trust; or

(2) except as limited by the terms of the trust:

(a) all powers over the trust property which an unmarried competent owner has over individually owned property;

(b) any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and

(c) any other powers conferred by this act and by Title 3B of the New Jersey Statutes.

b. The exercise of a power is subject to the fiduciary duties prescribed by this act and by Title 3B of the New Jersey Statutes.

L.2015, c.276, s.1.

This section added to the Rutgers Database: 2016-02-15 11:39:03.






Older versions of 3b:31-69 (if available):



Court decisions that cite this statute: CLICK HERE.


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