N.J. Stat. § 3B:31-64

Current through L. 2024, c. 80.
Section 3B:31-64 - Recordkeeping and identification of trust property
a. A trustee shall keep adequate records of the administration of the trust.
b. A trustee shall keep trust property separate from the trustee's own property.
c. Except as otherwise provided in subsection d. of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.
d. If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of the trust with other fiduciary accounts maintained by the trustee.

N.J.S. § 3B:31-64

Added by L. 2015, c. 276,s. 1, eff. 7/17/2016.