New Jersey Statutes 3B:31-51. Removal of trustee
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 3B:31-51
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Trustee: A person or institution holding and administering property in trust.
3B:31-51. Removal of Trustee.
a. The settlor, a co-trustee, or a beneficiary may request the court to remove a trustee, or a trustee may be removed by the court on its own initiative.
b. The court may remove a trustee for any of the reasons stated in N.J.S. 3B:14-21
c. Pending a final decision on a request to remove a trustee, or in lieu of or in addition to removing a trustee, the court may order such appropriate relief as may be necessary to protect the trust property or the interests of the beneficiaries.
L.2015, c.276, s.1.