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New Jersey Statutes, Title: 3B, ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
Chapter 31: Uniform Trust Code
Section: 3B:31-81: Certification of trust.
3B:31-81. Certification of Trust.
a. Instead of furnishing a copy of the trust instrument to a person other than a beneficiary, the trustee may furnish to the person a certification of trust containing the following information:
(1) that the trust exists and the date the trust instrument was executed;
(2) the identity of the settlor;
(3) the identity and address of the currently acting trustee;
(4) the powers of the trustee;
(5) the revocability or irrevocability of the trust and the identity of any person holding a power to revoke the trust;
(6) the authority of co-trustees to sign and whether all or less than all are required in order to exercise powers of the trustee; and
(7) the name in which title to trust property may be taken.
b. A certification of trust shall be signed by all persons identified as currently acting as trustee.
c. A certification of trust shall state that the trust has not been revoked, modified, or amended in any manner that would cause the representations contained in the certification of trust to be incorrect.
d. A certification of trust need not contain the dispositive terms of a trust.
e. A recipient of a certification of trust may require the trustee to furnish copies of those excerpts from the original trust instrument and later amendments which designate the trustee and confer upon the trustee the power to act in the pending transaction.
f. A person who acts in reliance upon a certification of trust without knowledge that the representations contained therein are incorrect is not liable to any person for so acting and may assume without inquiry the existence of the facts contained in the certification. Knowledge of the terms of the trust may not be inferred solely from the fact that a copy of all or part of the trust instrument is held by the person relying upon the certification.
g. A person making a demand for the trust instrument in addition to a certification of trust or excerpts is liable for damages if the court determines that the person did not act in good faith in demanding the trust instrument.
h. This section does not limit the right of a person to obtain a copy of the trust instrument in a judicial proceeding concerning the trust.
L.2015, c.276, s.1.
This section added to the Rutgers Database: 2016-02-15 11:39:13.
Older versions of 3b:31-81 (if available):
Court decisions that cite this statute: