State Codes and Statutes

Statutes > New-jersey > Title-3b > Section-3b-20 > 3b-20-9

3B:20-9  Application to court upon change in conditions3B:20-9.  Application to court upon change in conditions.  If, as a result of a change in conditions which occurs or which may be reasonably foreseen, the objects of the trust estate may be defeated in whole or in part by the investment or retention of investments of the trust estate in property to which the fiduciary is limited by the trust instrument, the fiduciary or any beneficiary of the trust may apply to the court to secure authority permitting or directing the fiduciary to invest all or any part of the trust estate in accordance with the provisions of N.J.S.3B:20-1 et seq.

Amended 1997, c.26, s.16.