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Code · New Jersey · Title 3B — Administration of Estates--Decedents and Others · Chapter 20

3B:20-28. Deposit of securities by fiduciary

57 words·~1 min read·/nj/title-3b/chapter-20/3b-20-28

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.
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