N.J. Stat. § 3B:31-57

Current through L. 2024, c. 80.

Section 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.

N.J.S. § 3B:31-57

Added by L. 2015, c. 276,s. 1, eff. 7/17/2016.