New Jersey § 3b:31-46
Full text of New Jersey New Jersey Statutes § 3b:31-46, with citation guidance and answers to common questions.
§ 3b:31-46.
Accepting or Declining Trusteeship. a. Except as otherwise provided in subsection c. of this section, a person designated
as trustee accepts the trusteeship: (1) in the case of a testamentary trustee or substituted testamentary trustee, as
provided in N.J.S.3B:11-2 , and (2) in the case of any other trustee, (a) by substantially complying with a method of acceptance provided in the terms of
the trust; or (b) if the terms of the trust do not provide a method or the method provided in the
terms is not expressly made exclusive, by accepting delivery of the trust property,
exercising powers or performing duties as trustee, or otherwise indicating acceptance
of the trusteeship. b. A person designated as trustee who has not yet accepted the trusteeship may renounce
the trusteeship. A designated trustee who does not accept the trusteeship within a reasonable time
after knowing of the designation is deemed to have renounced the trusteeship. c. A person designated as trustee, without accepting the trusteeship, may: (1) act to preserve the trust property if, within a reasonable time after acting,
the person sends a renunciation of the trusteeship to the settlor or, if the settlor
is dead or lacks capacity, to the qualified beneficiaries and to any designated successor
trustee; and (2) inspect or investigate trust property to determine potential liability under environmental
or other law or for any other purpose.
Frequently Asked Questions About New Jersey § 3b:31-46
What does New Jersey Statutes § 3b:31-46 cover?
Section 3b:31-46 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:31-46?
A common citation format is "New Jersey Statutes § 3b:31-46" (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:31-46 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.