Back to Statutes By Title
3B:20-1. Definitions. As used in this chapter: a. "Trust instrument" means and includes a will, deed, agreement, court order or other instrument pursuant to which money or other property is entrusted to a fiduciary; b. "Fiduciary" means an individual or corporation that is authorized to act as or acts as a trustee, personal representative, conservator, guardian, and every other individual or corporation charged with the duty of administering a trust estate; c. "Trust estate" or "trust assets" means money or other property entrusted to a fiduciary; d. (Deleted by amendment, P.L.1997, c.26.) e. "Beneficiary" means an individual or corporation for whose benefit a fiduciary acts or is authorized to act. Amended 1983, c.192, s.2; 1995, c.48, s.1; 1997, c.26, s.13.
The statute data presented on this website was last updated April 10, 2011. For up to date statutes and other legislation articles consult the NJ legislation website at http://www.njleg.state.nj.us. Sammarro & Zalarick cannot be held responsible for any errors or discrepancies in the statute data presented on this website.