New Jersey Statutes 3B:31-20. Written trusts created in other jurisdictions
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Terms Used In New Jersey Statutes 3B:31-20
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Trustee: A person or institution holding and administering property in trust.
3B:31-20. Written Trusts Created in Other Jurisdictions.
A written trust not created by will is validly created if its creation complies with the law of the jurisdiction in which:
a. the trust instrument was executed;
b. at the time the trust was created, the settlor was domiciled, had a place of abode, or was a national;
c. at the time the trust was created, a trustee was domiciled or had a place of business; or
d. at the time the trust was created, any trust property was located.
L.2015, c.276, s.1.