New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 15-10

a. Any investment made by a fiduciary, legal under the laws of this state when made, shall continue to be legal, anything in this chapter to the contrary notwithstanding;

b. A fiduciary, who, in the exercise of good faith and reasonable discretion, continues to hold any investment made by the fiduciary which, when made, was legal under the laws of this state or authorized in a will or trust instrument governing the investment, or by an order of court having jurisdiction, shall not be accountable for any loss by reason of such continuance.