17:9A-33. Transfer of investments heretofore deposited
119 words·~1 min read·
/nj/title-17/chapter-9a/17-9a-33·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon petition by a qualified bank which has heretofore deposited investments with the Register of the Prerogative Court, as the said court was constituted prior to September 15, 1948, as a prerequisite to its appointment as fiduciary by any court or officer of this State and upon proof that a federal reserve bank or qualified bank, authorized under subsection B of section 31 to act as depositary pursuant to said section, has consented to receive and hold such investments as such depositary, the Superior Court shall order the transfer of such investments to such depositary and, upon such transfer, such investments shall constitute a fund to be held subject to section 31.
L.1948, c. 67, p. 222, s. 33.