New Jersey Statutes 3B:20-11.4. Diversification of investments
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Terms Used In New Jersey Statutes 3B:20-11.4
- 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. See New Jersey Statutes 3B:20-1
- Fiduciary: A trustee, executor, or administrator.
4. A fiduciary shall diversify the investments of the trust unless the fiduciary reasonably determines that, because of special circumstances, the purposes of the trust are better served without diversifying.
L.1997,c.26,s.4.