3B:31-29. Modification or Termination of Charitable Trust (Cy Pres).
 
   a.   Except as otherwise provided in subsection b. of this section, if a particular charitable purpose becomes unlawful, impracticable, impossible to achieve, or wasteful:
 
   (1)   the trust does not fail, in whole or in part;
 
   (2)   the trust property does not revert to the settlor or the settlor's estate; and
 
   (3)   the court may modify or terminate the trust by directing that the trust property be applied or distributed, in whole or in part, in a manner consistent with the settlor's charitable purposes.
 
   b.   A provision in the terms of a charitable trust that would result in distribution of the trust property to a noncharitable beneficiary prevails over the power of the court under subsection a. of this section.
 
   L.2015, c.276, s.1.