New Jersey § 3b:31-48

Full text of New Jersey New Jersey Statutes § 3b:31-48, with citation guidance and answers to common questions.

§ 3b:31-48.

Co-trustees. a. Co-trustees who are unable to reach a unanimous decision may act by majority decision. A dissenting trustee who joins in carrying out a decision of the majority but expresses

his dissent in writing promptly to his co-trustees shall not be liable for the act

of the majority. b. If a vacancy occurs in a co-trusteeship, the remaining co-trustees shall act for

the trust unless the trust instrument provides otherwise. c. A co-trustee shall participate in the performance of a trustee's function unless

the co-trustee is unavailable to perform the function because of absence, illness,

disqualification under other law, or other temporary incapacity or the co-trustee

has properly delegated the performance of the function to another trustee. d. If a co-trustee is unavailable to perform duties because of absence, illness, disqualification

under other law, other temporary incapacity, or a vacancy remains unfilled and prompt

action is necessary to achieve the purposes of the trust or to avoid injury to the

trust property, the remaining co-trustee or a majority of the remaining co-trustees

shall act for the trust. e. A trustee may not delegate to a co-trustee the performance of a function the settlor

reasonably expected the trustees to perform jointly. Unless a delegation was irrevocable, a trustee may revoke a delegation previously

made. f. A trustee who does not join in an action of a co-trustee or co-trustees because

of absence, illness, disqualification or other temporary incapacity shall not be liable

for that action. g. Notwithstanding subsection a. or f. of this section, every trustee shall exercise

reasonable care to: (1) prevent a co-trustee from committing a breach of trust; and (2) compel a co-trustee to redress a breach of trust.

Frequently Asked Questions About New Jersey § 3b:31-48

What does New Jersey Statutes § 3b:31-48 cover?

Section 3b:31-48 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:31-48?

A common citation format is "New Jersey Statutes § 3b:31-48" (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:31-48 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.