3B:15-13. How deposits made and withdrawn
66 words·~1 min read·
/nj/title-3b/chapter-15/3b-15-13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Deposits authorized under N.J.S. 3B:15-11 shall be made in the name of the fiduciary and shall be withdrawn from the custody of the depository only upon the direction of the court which authorized the deposit and no part of the principal of securities so deposited shall be received or collected by the fiduciary without a like direction.
L.1981, c. 405, s. 3B:15-13, eff. May 1, 1982.