3B:31-68 Discretionary powers.
3B:31-68. Discretionary Powers.
Notwithstanding the breadth of discretion granted to a trustee in the terms of the trust, including the use of such terms as "absolute," "sole," or "uncontrolled," the trustee shall exercise a discretionary power in good faith and in accordance with the terms and purposes of the trust and the interests of the beneficiaries.
L.2015, c.276, s.1.
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Last modified: October 11, 2016