New Jersey Statutes 3B:31-56. Duty of impartiality
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Terms Used In New Jersey Statutes 3B:31-56
- Trustee: A person or institution holding and administering property in trust.
3B:31-56. Duty of Impartiality.
If a trust has two or more beneficiaries, the trustee shall act impartially in investing, managing, and distributing the trust property, giving due regard to the beneficiaries’ respective interests.
L.2015, c.276, s.1.