40:60-11. Acceptance of property in trust; appointment of trustees
50 words·~1 min read·
/nj/title-40/chapter-60/40-60-11A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The governing body of any municipality which is or shall be the beneficiary of such a trust may accept it for the purposes set forth in section 40:60-10 of this title and may appoint any number of trustees designated by the terms and under the conditions of the trust instrument.