New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 15-12

A fiduciary acting under a deed of trust or other trust instrument, who, in the exercise of good faith and reasonable discretion, continues to hold any investments placed in or added to a trust by the creator thereof, shall not be accountable for any loss by reason of such continuance notwithstanding that such investments may not be authorized by the laws of this state for the investment of trust funds.