N.J.S.A. 3B:20-28

Deposit of securities by fiduciary

3B:20-28. Deposit of securities by fiduciary Notwithstanding any other provision of law, a fiduciary holding securities in a trust estate, or any banking institution holding securities as a custodian or managing agent, or as custodian for a fiduciary, is authorized to deposit or arrange for the deposit of the securities in a clearing corporation. L.1981, c. 405, s. 3B:20-28, eff. May 1, 1982.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 3B:20-28, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 3B:20-28 — Deposit of securities by fiduciary | Kyzer