{"data":{"id":"us-nj/n.j.-stat.-3b-20-11.2","jurisdiction":"us-nj","citation":"N.J. Stat. § 3B:20-11.2","heading":"Compliance by fiduciary with prudent investor rule","body":"2.  a.  Except as provided in subsection b. of this section, a fiduciary who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule, as set forth in this act.\nb.  The prudent investor rule is a default rule that may be expanded, restricted, eliminated, or otherwise altered by express provisions of the trust instrument.  A fiduciary is not liable to a beneficiary to the extent that the fiduciary acted in reasonable reliance on those express provisions.  Nothing herein shall affect the jurisdiction of the Superior Court to order or authorize a fiduciary to deviate from the express terms or provisions of a trust instrument for the causes, in the manner, and to the extent otherwise provided by law.\nL.1997,c.26,s.2.","path":["TITLE 3B ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"26c5139e560a730904e5fb91201933b32ac603431198e451d1f070f9377ce415","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-3b-20-11.1","next":"us-nj/n.j.-stat.-3b-20-11.3"},"notice":"GroundRules: Original legal text. Not legal advice."}