Duty to collect trust property and redress breaches of trust
Known as the Uniform Trust Code
The act spans §§ 3B:31-1 to 3B:31-9 (84 sections).
L.2015, c.276, s.1.
Duty to Collect Trust Property and Redress Breaches of Trust.
a. A trustee shall take reasonable steps to compel a former trustee or other person to deliver trust property to the trustee.
b. A trustee shall take reasonable steps to redress a breach of trust known to the trustee to have been committed by a former trustee.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.