New Jersey § 3a:14a-2
Full text of New Jersey New Jersey Statutes § 3a:14a-2, with citation guidance and answers to common questions.
§ 3a:14a-2.
A. This act shall govern, to the extent herein provided, the ascertainment of principal
and income in respect to securities held in an estate, only in those cases where the
trust instrument makes no provision governing the ascertainment or allocation of principal
and income in respect to any one or more of the particulars covered by this act, and
where a fiduciary is required, pursuant to the trust instrument, to make allocation
of such principal and income. B. Where the trust instrument makes provision for the ascertainment of principal and
income, or grants discretion to the fiduciary or other person to do so, such provision
or such grant of discretion shall control, notwithstanding any provision of this act
to the contrary. C. This act shall not apply to any securities which the fiduciary is under a duty,
arising either by law or by the terms of a trust instrument, to convert into another
form of investment.
Frequently Asked Questions About New Jersey § 3a:14a-2
What does New Jersey Statutes § 3a:14a-2 cover?
Section 3a:14a-2 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 3a:14a-2?
A common citation format is "New Jersey Statutes § 3a:14a-2" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 3a:14a-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.