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2020 New Jersey Revised Statutes
Title 3B - Administration of Estates--Decedents and Others
Section 3B:31-47 - Trustee's bond.
Universal Citation: NJ Rev Stat § 3B:31-47 (2020)
3B:31-47 Trustee's bond.
3B:31-47. Trustee's Bond.
a. A trustee shall give bond to secure performance of the trustee's duties as prescribed by N.J.S.3B:15-1 et seq. if the court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with that requirement.
b. Unless otherwise directed by the court, the cost of the bond is an expense of the trust.
L.2015, c.276, s.1.
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