Full Statute Name:  New Jersey Statutes Annotated. Title 3b. Administration of Estates--Decedents and Others. Chapter 31. Uniform Trust Code. Article 3. Creation, Validity, Modification and Termination of Trust. 3B:31-24. Creation of trust for care of animal; enforcement; use of trust property

Share |
Primary Citation:  N.J.S.A. 3B:31-24 Country of Origin:  United States Last Checked:  January, 2024 Alternate Citation:  NJ ST 3B:31-24 Date Adopted:  2001 Historical: 
Summary: A trust may be created to provide for the care of an animal alive during the settlor's lifetime. The trust terminates upon the death of the animal or, if the trust was created to provide for the care of more than one animal alive during the settlor's lifetime, upon the death of the last surviving animal. Note: this section replaces the original law (3B:11-38) enacted in 2001 and repealed in 2016.

a. A trust may be created to provide for the care of an animal alive during the settlor's lifetime. The trust terminates upon the death of the animal or, if the trust was created to provide for the care of more than one animal alive during the settlor's lifetime, upon the death of the last surviving animal.

b. A trust authorized by this section may be enforced by the settlor or by a person appointed in the terms of the trust or, if no person is so appointed, by a person appointed by the court. A person having an interest in the welfare of the animal may request the court to appoint a person to enforce the trust or to remove a person appointed.

c. Property of a trust authorized by this section may be applied only to its intended use, except to the extent the court determines that the value of the trust property exceeds the amount required for the intended use. Except as otherwise provided in the terms of the trust, property not required for the intended use shall be distributed to the settlor, if then living, otherwise to the settlor's estate.

Credits
L.2015, c. 276, § 1, eff. July 17, 2016.

Share |