New Jersey § 3b:31-11
Full text of New Jersey New Jersey Statutes § 3b:31-11, with citation guidance and answers to common questions.
§ 3b:31-11.
Nonjudicial Settlement Agreements. a. For purposes of this section, “ interested persons ” means persons whose consent would be required in order to achieve a binding settlement
were the settlement to be approved by the court. b. Except as otherwise provided in subsection c. of this section or any other provision
of this chapter, interested persons may enter into a binding nonjudicial settlement
agreement with respect to any matter involving a trust. c. A nonjudicial settlement agreement is valid only to the extent it does not violate
a material purpose of the trust and includes terms and conditions that could be properly
approved by the court under this act or other applicable law. d. Matters that may be resolved by a nonjudicial settlement agreement include: (1) the interpretation or construction of the terms of the trust; (2) the approval of a trustee's report or accounting; (3) direction to a trustee to refrain from performing a particular act or the grant
to a trustee of any necessary or desirable power; (4) the resignation or appointment of a trustee and the determination of a trustee's
compensation; (5) transfer of a trust's principal place of administration; and (6) liability of a trustee for an action relating to the trust. e. Any interested person may request the court to approve a nonjudicial settlement
agreement, to determine whether the representation as provided in article 2 1 was adequate, and to determine whether the agreement contains terms and conditions
the court could have properly approved. f. A nonjudicial settlement may not be used to produce a result that is contrary to
other sections of Title 3B of the New Jersey Statutes, including, but not limited
to, terminating or modifying a trust in an impermissible manner. 1
See N.J.S.A. § 3B:31-13 et seq.
Frequently Asked Questions About New Jersey § 3b:31-11
What does New Jersey Statutes § 3b:31-11 cover?
Section 3b:31-11 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:31-11?
A common citation format is "New Jersey Statutes § 3b:31-11" (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:31-11 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.