3B:14-10 - Cofiduciaries;Ā terms of instrument
3B:14-10.Ā Cofiduciaries;Ā terms of instrument
If the fiduciary or person named to act as fiduciary is one of several cofiduciaries or one of several named to act as cofiduciaries, the court may appoint a substituted cofiduciary or may appoint the fiduciary's cofiduciary orĀ cofiduciaries or the person or persons named to act as cofiduciaries to act asĀ the substituted fiduciary.Ā If the will or other instrument under which theĀ fiduciary is appointed or person is named to act as fiduciary provides for aĀ substitute or alternate fiduciary in the event of his death or otherwise, theĀ court shall appoint as substituted fiduciary the substitute or alternateĀ fiduciary or person named to act as substitute or alternate fiduciary to act ifĀ he is willing to act and can qualify.
L.1981, c. 405, s. 3B:14-10, eff. May 1, 1982.
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If the fiduciary or person named to act as fiduciary is one of several cofiduciaries or one of several named to act as cofiduciaries, the court may appoint a substituted cofiduciary or may appoint the fiduciary's cofiduciary orĀ cofiduciaries or the person or persons named to act as cofiduciaries to act asĀ the substituted fiduciary.Ā If the will or other instrument under which theĀ fiduciary is appointed or person is named to act as fiduciary provides for aĀ substitute or alternate fiduciary in the event of his death or otherwise, theĀ court shall appoint as substituted fiduciary the substitute or alternateĀ fiduciary or person named to act as substitute or alternate fiduciary to act ifĀ he is willing to act and can qualify.
L.1981, c. 405, s. 3B:14-10, eff. May 1, 1982.
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