New Jersey § 3b:20-11
Full text of New Jersey New Jersey Statutes § 3b:20-11, with citation guidance and answers to common questions.
§ 3b:20-11.
a. Except as provided in subsection b. of this section, a fiduciary who invests and
manages trust assets owes a duty to the beneficiaries of the trust to comply with
the prudent investor rule, as set forth in this act. b. The prudent investor rule is a default rule that may be expanded, restricted, eliminated,
or otherwise altered by express provisions of the trust instrument. A fiduciary is not liable to a beneficiary to the extent that the fiduciary acted
in reasonable reliance on those express provisions. Nothing herein shall affect the jurisdiction of the Superior Court to order or authorize
a fiduciary to deviate from the express terms or provisions of a trust instrument
for the causes, in the manner, and to the extent otherwise provided by law.
Frequently Asked Questions About New Jersey § 3b:20-11
What does New Jersey Statutes § 3b:20-11 cover?
Section 3b:20-11 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 § 3b:20-11?
A common citation format is "New Jersey Statutes § 3b:20-11" (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 § 3b:20-11 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.