New Jersey § 3b:31-49
Full text of New Jersey New Jersey Statutes § 3b:31-49, with citation guidance and answers to common questions.
§ 3b:31-49.
Vacancy in Trusteeship; Appointment of Successor. a. A vacancy in a trusteeship occurs if: (1) a person designated as trustee renounces the trusteeship; (2) a person designated as trustee cannot be identified or does not exist; (3) a trustee resigns or is discharged; (4) a trustee is disqualified or removed; (5) a trustee dies; or (6) a guardian or conservator is appointed for an individual serving as trustee. b. If one or more co-trustees remain in office, a vacancy in a trusteeship need not
be filled unless the trust instrument provides otherwise. A vacancy in a trusteeship shall be filled if the trust has no remaining trustee. c. A vacancy in a trusteeship of a noncharitable trust that is required to be filled
shall be filled in the following order of priority: (1) by a person designated pursuant to the terms of the trust to act as successor
trustee; (2) by a procedure established pursuant to the terms of the trust to appoint a successor
trustee; (3) by a person appointed by unanimous agreement of the qualified beneficiaries;
or (4) by a person appointed by the court. d. A vacancy in a trusteeship of a charitable trust that is required to be filled
shall be filled in the following order of priority: (1) by a person designated pursuant to the terms of the trust to act as successor
trustee; or (2) by a person appointed by the court. e. Whether or not a vacancy in a trusteeship exists or is required to be filled, the
court may appoint an additional trustee or special fiduciary whenever the court considers
the appointment desirable for the administration of the trust. f. A person appointed to fill a vacancy in a trusteeship shall have all the powers
and discretions of the original trustee.
Frequently Asked Questions About New Jersey § 3b:31-49
What does New Jersey Statutes § 3b:31-49 cover?
Section 3b:31-49 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:31-49?
A common citation format is "New Jersey Statutes § 3b:31-49" (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:31-49 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.