New Jersey § 3B:31-50 Resignation of trustee.

New Jersey Statutes

§ 3B:31-50 — Resignation of trustee.

New Jersey § 3B:31-50

Title 3BADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS

This text of New Jersey § 3B:31-50 (Resignation of trustee.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 3B:31-50 (2026).

Text

3B:31-50. Resignation of Trustee. a. A trustee may resign:

(1)upon at least 30 days' notice to the qualified beneficiaries, the settlor, if living, all co-trustees, and the trustee or trustees, if any, designated pursuant to the terms of the trust to succeed the resigning trustee; or (2) with the approval of the court. b. In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property. c. Any liability of a resigning trustee or of any sureties on the trustee's bond for acts or omissions of the trustee is not discharged or affected by the trustee's resignation. L.2015, c.276, s.1.

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3B:31-50. Resignation of Trustee. a. A trustee may resign: (1) upon at least 30 days' notice to the qualified beneficiaries, the settlor, if living, all co-trustees, and the trustee or trustees, if any, designated pursuant to the terms of the trust to succeed the resigning trustee; or (2) with the approval of the court. b. In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property. c. Any liability of a resigning trustee or of any sureties on the trustee's bond for acts or omissions of the trustee is not discharged or affected by the trustee's resignation. L.2015, c.276, s.1.